Miners drag FTSE down another 2%

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The FTSE 100 Index plunged 124.7 points, or 2.2%, to 5,533 points today led by miners and an opening loss in the US.

Kazakhmys fell 8.46% to 958p, Antofagasta fell 7.36% to 1,889p, Xstrata declined 8.70% to 1,764p and Anglo American dropped 6.53% to 1,905p. HBOS and Royal Bank of Scotland also fell, down 0.28% to 895 and 0.53% to 1,684p respectively. Alliance & Leicester bucked the trend, jumping 2.51% to 1,143p on confirmation French group Credit Agricole is mulling a bid for the UK mortgage bank. In the US, the Dow Jones Industrial Average has fallen 67.32 points, or 0.6%, to 11,076.74 points, extending the market's worst two-week slump in more than three years. Alcoa has lost $1 to $30.98, Newm...

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