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FTSE 100 hits 6-month low on lockdown fears, vaccine uncertainty

Published 28/10/2020, 09:22
© Reuters.
UK100
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MBGn
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FTMC
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FTNMX301010
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FTNMX601010
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FTNMX502030
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AML
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 down 1.5%, FTSE 250 drops 1.3%

Oct 28 (Reuters) - London's FTSE 100 fell to its lowest
level in six months on Wednesday as investors took cash off the
table on worries of more virus curbs and uncertainty over a
coronavirus vaccine, with homebuilders and energy stocks leading
the declines.
The blue-chip FTSE 100 index .FTSE slipped 1.5%, dragged
lower by energy .FTNMX0530 , bank .FTNMX8350 and industrial
.FTNMX2720 stocks.
The domestically-focussed mid-cap FTSE 250 index .FTMC
lost 1.3% after a report said Prime Minister Boris Johnson is
being put under pressure for a new lockdown to tackle a swiftly
accelerating second wave of COVID-19 infections. Meanwhile, UK Vaccine Taskforce Chair said on Tuesday that
the first generation of vaccines "is likely to be imperfect", a
day after a study found that antibodies against the novel
coronavirus declined rapidly in the British population during
the summer. Shares of Aston Martin AML.L jumped 15% after the company
said Daimler DAIGn.DE unit Mercedes-Benz would lift its stake
in the British carmaker to up to 20% by 2023.

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