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FTSE 100 hits 6-month low on lockdown fears, vaccine uncertainty

Credit: REUTERS/TOBY MELVILLE

London's FTSE 100 fell to its lowest level in six months on Wednesday as investors took cash off the table on worries of more virus curbs and uncertainty over a coronavirus vaccine, with homebuilders and energy stocks leading the declines.

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FTSE 100 down 1.5%, FTSE 250 drops 1.3%

Oct 28 (Reuters) - London's FTSE 100 fell to its lowest level in six months on Wednesday as investors took cash off the table on worries of more virus curbs and uncertainty over a coronavirus vaccine, with homebuilders and energy stocks leading the declines.

The blue-chip FTSE 100 index .FTSE slipped 1.5%, dragged lower by energy .FTNMX0530, bank .FTNMX8350 and industrial .FTNMX2720 stocks.

The domestically-focussed mid-cap FTSE 250 index .FTMC lost 1.3% after a report said Prime Minister Boris Johnson is being put under pressure for a new lockdown to tackle a swiftly accelerating second wave of COVID-19 infections.

Meanwhile, UK Vaccine Taskforce Chair said on Tuesday that the first generation of vaccines "is likely to be imperfect", a day after a study found that antibodies against the novel coronavirus declined rapidly in the British population during the summer.

Shares of Aston Martin AML.L jumped 15% after the company said Daimler DAIGn.DE unit Mercedes-Benz would lift its stake in the British carmaker to up to 20% by 2023.

(Reporting by Devik Jain in Bengaluru; editing by Uttaresh.V)

((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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