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FTSE 100 lower as trade angst persists

Written by Business World, on 29th Nov 2019. Posted in World

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 London's FTSE 100 slipped for a second straight day on fears that the U.S. ratification of a law backing Hong Kong protesters would dent progress made in trade talks with China, even as Ocado outshone after a partnership with Japan's Aeon.

The main index gave up 0.5% by 0803 GMT, as trade-sensitive stocks such as Asia-focussed HSBC and miners weighed. The mid-cap FTSE 250 was flat by 0810 GMT.

Blue-chip online grocer Ocado jumped 13%, on track for its best day since May 2018, after signing a technology partnership with Japan's biggest supermarket operator, Aeon Co Ltd. (Reuters)

Source: www.businessworld.ie

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