FTSE 100 Falls on Friday, Set for Weekly Decline

2026-06-05 07:35 By Agna Gabriel 1 min. read

The FTSE 100 traded slightly lower on Friday as investors reacted to a global selloff in semiconductor stocks following disappointing earnings from Broadcom, although the UK benchmark remained relatively insulated due to its limited exposure to the technology sector.

The index was weighed down by declines in banks and mining shares.

HSBC Holdings fell around 1.3%, while Lloyds Banking, Barclays, NatWest and Standard Chartered lost between 0.5% and 2.3%.

Miners were also under pressure, with Rio Tinto down about 2%, Anglo American and Antofagasta falling 2.1% each, Glencore losing 1.5% and Fresnillo retreating 2.2%.

On the data front, Halifax reported that UK house prices fell 0.1% in May after a similar decline in April, bringing the average property price to £298,806.

Annual growth for first-time buyers slowed to 0.3%, although Halifax noted that lenders are becoming more flexible and housing market activity remains relatively stable.

The UK index is down 0.6% so far this week.



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FTSE 100 Falls on Friday, Set for Weekly Decline
The FTSE 100 traded slightly lower on Friday as investors reacted to a global selloff in semiconductor stocks following disappointing earnings from Broadcom, although the UK benchmark remained relatively insulated due to its limited exposure to the technology sector. The index was weighed down by declines in banks and mining shares. HSBC Holdings fell around 1.3%, while Lloyds Banking, Barclays, NatWest and Standard Chartered lost between 0.5% and 2.3%. Miners were also under pressure, with Rio Tinto down about 2%, Anglo American and Antofagasta falling 2.1% each, Glencore losing 1.5% and Fresnillo retreating 2.2%. On the data front, Halifax reported that UK house prices fell 0.1% in May after a similar decline in April, bringing the average property price to £298,806. Annual growth for first-time buyers slowed to 0.3%, although Halifax noted that lenders are becoming more flexible and housing market activity remains relatively stable. The UK index is down 0.6% so far this week.
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