FTSE pares back losses despite more trouble for Chinese stocks

The market opened higher on Tuesday, led by a 5.1% rise in RSA Insurance Group and a 2.9% increase in the share price of Lloyds Banking Group, as it pared some of the losses suffered the previous day. However, the index remained below the 6,000 mark in early morning trading, at 5,980 by 8.24am. Monday saw the UK's blue-chip index shed £96bn in market value as it closed 4.7% down at 5,899, falling below the 6,000 mark for the first time in over two years. FTSE sheds £96bn on 'Black Monday' for global markets Investors across the globe were panic-selling shares, causing markets to ...