The UK's benchmark index the FTSE 100 fell 22.4 points to 5881.6 with oil stocks lower due to a 4% d...
The UK's benchmark index the FTSE 100 fell 22.4 points to 5881.6 with oil stocks lower due to a 4% decline in the price of crude oil for June delivery, dropping $1.14 to 27.80. BP lost 6p to 609.5 and Shell also lost 6p to 577p.
HSBC fell 12.5p to 864.5p after saying it is seeking investor approval for a possible share issue. Britain's leading mobile phone company Vodafone slipped 4p to 195p after it sold £3.5bn worth of new shares in order to purchase a stake in Japan Telecom, which it bought from British Telecom as well as a stake in Spain's Airtel. Vodafone sold 1.825bn shares at 194p.
The three core indices in the US continue to gain with the Nasdaq's technology focused index adding 52.36 points to 2220.60 while the Dow Jones gained 21.66 to 10,876.68 and the Standard & Poor's 500 edged up just 0.99 to 1267.43.
Tech stock continue to go from strength to strength as Cisco added $2.20 to 20, computer storage group EMC gained $2.06 to 44 and Network Appliances increased $3.66 to 28.21.
US oil stocks also fell on announcement of June delivery with Exxon Mobil down $2.30 to 86.50, Tosco $2.66 to 43.04, Valero $4.44 to 43.41 and Sunoco $2.30 to 35.94.
With Japan closed for another public holiday the leading market story in Asia today is the decline of the Hang Seng, which lost 127.51 to 13,686.73 with HSBC losing 3.7% to HK$97.25 to make up most of its fall. In Singapore the Strait Times gained 0.2% to 1740.93 with Creative Technology climbing 2.3% to S$18.10 and Australia's ASX200 adding 19.40 to 3350 with banks Westpac up 1.8% to A$13.03 and ANZ up 2.1% to A$14.32.
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