In London, markets held steady until Wall Street trading began, before dropping suddenly at close of play, with the FTSE 100 down 43.5 points (0.81%) to 5,309.1.
Antofagasta shares made major gains, up 36.5 (7.24%) to 540.5p, while BP shares climbed 28.5p (5.51%) to 546p.
HBOS fell as worries about the US banking sector continued, down 22.75 (7.33%) to 287.5p, while Rexam dropped 20 (5.31%) to 356.75p.
Shares took a hammering in early trading on Wall Street with the Dow Jones slipping 106.82 points (0.94%) to 11,263.87.
Alcoa were one of just two shares to see a rise, up 0.36 (1.13%) to $32.17, while Chevron shares added 0.39 (0.47%) to $82.95.
Banking shares fell as the IMF released a dour report about the global economy, with AIG losing 1.74 (6.39%) to $25.50, while Citigroup dropped 0.85 (4.51%) to $18.
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