FTSE 100 eyes worst week in 13 months as Ukraine crisis weighs
3/4/2022 11:41:57 AM
UK's FTSE 100 slid on Friday, on track for its worst weekly performance in over a year as escalating Russia-Ukraine crisis kept investors on the edge.
The blue-chip FTSE 100 (.FTSE) index fell 1% after reports of a fire near Ukraine's Zaporizhzhia nuclear power plant, the largest of its kind in Europe, following fighting with Russian forces sent investors scrambling for safety.
However, losses on the commodity-heavy index were smaller than its European peers as stronger metal prices cushioned the impact on the benchmark index.
Precious metal (.FTNMX551030) advanced 0.7% and base metal miners (.FTNMX551020) declined 0.9% respectively.
The domestically focussed mid-cap index (.FTMC) slipped 0.4%. For the week so far, the index is down nearly 4%.
The London Stock Exchange said it had suspended with immediate effect the trading of stock listings of several Russian-based companies, including Sistema and Magnit .
The blue-chip FTSE 100 (.FTSE) index fell 1% after reports of a fire near Ukraine's Zaporizhzhia nuclear power plant, the largest of its kind in Europe, following fighting with Russian forces sent investors scrambling for safety.
However, losses on the commodity-heavy index were smaller than its European peers as stronger metal prices cushioned the impact on the benchmark index.
Precious metal (.FTNMX551030) advanced 0.7% and base metal miners (.FTNMX551020) declined 0.9% respectively.
The domestically focussed mid-cap index (.FTMC) slipped 0.4%. For the week so far, the index is down nearly 4%.
The London Stock Exchange said it had suspended with immediate effect the trading of stock listings of several Russian-based companies, including Sistema and Magnit .