The FTSE 100 is down almost 100 points in early trading with a fall of 92.3 points, or 1.43%, to 6,342.4, as the mining sector is suffering from a bout of profit-taking.
Reuters Group is the only stock making gains at the moment with a rise of 1.23% to 431.25p, while miners are making up the top five losing stocks with Xstrata acting as the biggest drag with a drop of 4.82% to £25.28. BHP Billiton is down 3.97% to £10.76, closely followed by Vedanta Resources which has slipped 3.95% to £12.88, Rio Tinto has declined 3.81% to £28.28, and Lonmin is down 3.7% to £32.49. In Japan, the Nikkei 225 Stock Average slipped 95.43, or 0.5%, to 18,119.92 at the 3pm close, as banks led declines on concerns a rate increase by the Bank of Japan last week won't be enough...
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