London stock market falls by midday
www.chinaview.cn 2008-06-04 16:18:45   Print

    LONDON, June 4 (Xinhua) -- The FTSE of the London stock market fell nearly 2 percent by midday Wednesday as mining and oil shares weakened after commodity prices were hit by the strengthening U.S. dollar.

    By midday, the benchmark FTSE 100 index was down 110.3 points, or 1.82 percent, at 5,947.4.

    Oil giants BP and Shell both fell by more than 2.5 percent as the price of crude fell below 124 U.S. dollars a barrel, its lowest level for nearly three weeks.

    Mining shares also came under pressure, with both Vedanta Resources and Kazakhmys down 3 percent.

Editor: An Lu
Related Stories
Tokyo stocks close higher
Air travel hard hit by rising oil price
Dollar rises | Oil prices plunge | Wall Street drops
Wall Street drops on financial, energy shares
Oil prices plunge on strengthening dollar
Home Business
  Back to Top