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FTSE 100 Hits 6-Month Low on Lockdown Fears

Oct 28 (Reuters) - London’s FTSE 100 fell to its lowest level in six months on Wednesday as investors took cash off the table on worries of more virus curbs and uncertainty over a coronavirus vaccine, with homebuilders and energy stocks leading the declines.

The blue-chip FTSE 100 index slipped 1.5%, dragged lower by energy, bank and industrial stocks.

The domestically-focussed mid-cap FTSE 250 index lost 1.3% after a report said Prime Minister Boris Johnson is being put under pressure for a new lockdown to tackle a swiftly accelerating second wave of COVID-19 infections.

Meanwhile, UK Vaccine Taskforce Chair said on Tuesday that the first generation of vaccines “is likely to be imperfect”, a day after a study found that antibodies against the novel coronavirus declined rapidly in the British population during the summer.

Shares of Aston Martin jumped 15% after the company said Daimler unit Mercedes-Benz would lift its stake in the British carmaker to up to 20% by 2023.

(Reporting by Devik Jain in Bengaluru; editing by Uttaresh.V)

Source: Reuters


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