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UK shares dip as Trump fails to soothe trade nerves

Published 13/11/2019, 09:34
© Reuters.  UK shares dip as Trump fails to soothe trade nerves
UK100
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HSBA
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TLW
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 0.5%, FTSE 250 down 0.6%

* Tullow Oil slips after reducing output forecast

* Financials weigh the most on main index

Nov 13 (Reuters) - UK bluechip stocks retreated on Wednesday

as traders grew weary of mixed signals from U.S. President

Donald Trump about the progress of trade talks with China, while

Tullow Oil slid after slashing production targets.

The FTSE 100 index .FTSE , which relies on global trade

relations due to its international exposure, fell 0.5% by 0820

GMT, while the FTSE 250 index of midcap companies .FTMC was

0.6% lower.

Asia-exposed financials, led by HSBC HSBA.L , weighed on

the main board as the protests in Hong Kong showed no signs of

easing.

Tullow Oil TLW.L dropped 16% — its biggest one-day fall in

15 years — to the bottom of the midcap bourse after it cut its

production outlook amid troubles at its Ghana fields.

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