FTSE slips 1.7 percent

Posted by 7Star Thursday, January 21, 2010

Britain's top shares recorded a three-week closing low on Wednesday as disappointing results from top US banks and more signs of fiscal tightening in China hurt banking and commodity stocks. The FTSE 100 index closed down 92.34 points, or 1.7 percent, at 5,420.80 - the lowest closing level since December 31, 2009. It posted its biggest one-day fall in a month.

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