London shares open lower; NY falls, Asia lower |
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Sun, 14 Oct 2007 20:53
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LONDON (Thomson Financial) - UK blue chips opened lower today, after Wall Street retreated at the close on the back of a sell-off on the Nasdaq and following losses over in Asia.At 8.15 am, the FTSE 100 index slid 60.1 to 6,664.4, with the FTSE 250 index dropping 123 points to 11,499.0.Early volume was moderate, with 69.2 mln shares changing hands in 14,904 deals.Overnight on Wall Street, the DJIA closed 63.57 points lower at 14,015.12, giving back robust gains from earlier in the session, while the broader S&P 500 index ended down 8.06 points at 1,554.41.And the tech heavy Nasdaq composite index was down 39.41 to 2,772.2, hurt by news a major Wall Street bank lowered its sales expectations for Chinese internet company Baidu.com.The mood was subdued today in Asia too. In Tokyo, the Nikkei 225 index closed 127.81 points lower at 17,331.17 after investors locked in sharp gains from the previous session, tracking the retreat in other Asian markets.In Hong Kong, the Hang Seng ended its morning down 618.21 points at 28,514.81, with China-related stocks leading the decline, as many investors were generally cautious ahead of next week's Communist Party Congress.Meanwhile, oil prices in Asian trade were mixed and near recent record highs after data showed a sharp fall in US crude stocks last week.New York's main oil futures contract, light sweet crude for delivery in November, was 11 US cents higher at 83.19 usd a barrel in morning trade in Singapore.Brent North Sea crude for November delivery was 8 cents lower at 80.07 usd a barrel.tf.TFN-Europe_newsdesk@thomson.comtw/akCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Hong Kong shares lower led by China Mobile; Xinxin Mining surges on debut UPDATE 