FTSE falls as Asian losses dent confidence

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The FTSE 100 has opened lower this morning as investor confidence was dented by weaker Asian markets overnight and a flat US session on Monday.

After posting strong gains yesterday, London's blue-chip index was down 20.75 points (0.42%) to 4,875.48 by 10am. Miners are leading the losses, with Xstrata worst hit, down 3.27% to 842p. Kazakhmys is also down more than 3% to 950.50p, while Rio Tinto is down 2.65% to £24.47 and Eurasian Natural Resources is down 2.57% to 873.50p. Retailers however were in favour.  Homebase and Argos-owner Home Retail Group posted a gain of 1.97% to 311.20p.  DIY operator Kingfisher is also ahead, 1.52% higher to 214.30p; while Marks & Spencer is up 1.3% to 343p. In Japan, the Nikkei 225 pos...

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