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RIO Rio Tinto Plc

67.7514
-1.26 (-1.82%)
After Hours
Last Updated: 22:39:26
Delayed by 15 minutes
Name Symbol Market Type
Rio Tinto Plc NYSE:RIO NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -1.26 -1.82% 67.7514 68.80 67.77 68.70 3,281,534 22:39:26

LONDON MARKETS: Mining Stocks Hurt On FTSE 100 On China Worries

29/09/2014 9:20am

Dow Jones News


Rio Tinto (NYSE:RIO)
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By Carla Mozee, MarketWatch

LONDON (MarketWatch) -- Mining stocks dropped in London on Monday, keying off worries about major market China, where worries about economic growth were joined by concerns about mass political protests in Hong Kong.

Shares of iron-ore producers Anglo American Rio Tinto (RIO) each fell 1.7%, leading losses on the FTSE 100. Rival BHP Billiton (BHP) dropped 1.5%, also among the mining stocks that struggled.

Overnight, Hong Kong stocks tumbled 1.8% as the territory dealt with its most serious confrontation with Beijing in more than a decade. Police used pepper spray and tear gas to disperse pro-democracy protesters.

Banks, including HSBC PLC and Standard Chartered PLC, closed branches in affected areas. HSBC shares in London lost 1.6%, and Standard Chartered stock slumped 1.9%.

The FTSE 100 was off 0.5% at 6,6617.67.

On the FTSE 250 index , shares of Balfour Beatty sank 20% after the engineering and construction company issued a profit warning.

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