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Housebuilders lead FTSE 100 bounce; China virus fears ease

Published 22/01/2020, 09:21
© Reuters.  Housebuilders lead FTSE 100 bounce; China virus fears ease
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(For a live blog on European stocks, type LIVE/ in an Eikon

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* FTSE 100 up 0.2%, FTSE 250 down 0.1%

* Berkeley leads housebuilders higher

* Burberry , Antofagasta trail main index

Jan 22 (Reuters) - London's FTSE 100 rebounded on Wednesday,

as housebuilders advanced after Berkeley hiked its planned

shareholder returns and worries over the spread of a new

coronavirus in China eased.

The main index .FTSE bounced back from its worst day in

two weeks to add 0.2%. Berkeley BKGH.L jumped 5% to a record

high, while peers Persimmon PSN.L and Barratt BDEV.L added

1.5% each.

The FTSE 250 .FTMC edged 0.1% lower by 0812 GMT.

The death toll from coronavirus, which is being likened to

the 2002/2003 spread of Severe Acute Respiratory Syndrome

(SARS), rose to nine, but many markets held firm as Chinese

authorities ramped up efforts to control the outbreak.

Lagging the blue-chip bourse was Burberry BRBY.L , which

slid 3% despite a bright Christmas quarter update, and miner

Antofagasta ANTO.L that fell 2.4% after its copper production

was hit by civil unrest in Chile.

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