FTSE 100 drops as fear of Covid rises, Asian stocks mixed with Sensex near flatline Business News

London’s FTSE 100 fell 50 points on Wednesday as financial and metals stocks fell and concerns over a spike in coronavirus infections and the possible impact on economic growth took hold.

The blue chip index lost 0.7% and closed at 7,037, while the domestically-focused FTSE 250 was also down 0.7%.

“There is general unease right now as we see an increase in the number of cases of Delta variants, as we are just under three weeks away from what is supposed to be ‘Freedom Day’ for. the United Kingdom, ”Danni Hewson, analyst at AJ Bell, was quoted by the Reuters news agency.

U.S. stocks closed mixed on Wednesday, with the S&P 500 closing near an all-time high, but the tech-heavy Nasdaq fell as Facebook, Amazon, Netflix and Alphabet lost.

The Dow Jones Industrial Average closed 210 points higher, the S&P 500 rose 0.13% to 4,297, while the Nasdaq Composite was down 0.2%.

Asian equity trading came after US peers on Thursday, and as the dollar hit a 15-month high against the yen. The Japanese Nikkei is trading down 0.3%, Hang Seng has remained close due to a holiday, and the Shanghai Composite has traded close to the landline.

Indian indices opened in the green but moved closer to the flat line. Sensex dropped 37 points after the first few hours and Nifty traded below 15,800.

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This notice was published: 2021-07-01 05:10:57

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