The FTSE 100 Index Opens 0.72% Lower

The FTSE 100 fell about 0.6% on Tuesday, reversing yesterday's modest advance, led by miners and tech investment funds while investors continued to assess the political situation in the UK. Copper miners Antofagasta and Anglo American slipped 5.2% and 4.2%, respectively, while gold miners Fresnillo plc and Endeavour Mining dropped 5% and 2.4%. Scottish Mortgage Investment Trust also declined 4.5%, tracking weakness in US tech amid a broader selloff and its exposure to SpaceX. Rio Tinto, Polar Capital Tech Trust and Glencore followed suit, down around 3%. HSBC and other major banks, along with oil majors Shell and BP, also declined. On the upside, top gainers included Babcock International Group and Marks and Spencer, up 2.9% and 2.5%, respectively. Bunzl rose 1.3% after upgrading its full-year outlook, supported by stronger-than-expected first-half trading and a small acquisition in Australia.

The FTSE 100 Index is dropping 75 points. Leading the losses are Antofagasta (-5.97%), Fresnillo (-5.05%) and Anglo American (-4.74%). Top gainers were Marks & Spencer (2.68%), Babcock International (1.94%) and British American Tobacco (1.42%).

The FTSE 100 Index went up by 75 points or 0.73 percent on Monday to close at 10439 points. The rise was led by Barclays (3.83%), Lloyds Banking (3.76%) and Whitbread (3.28%). On the downside, the weakerst performers were Babcock International (-6.06%), Burberry (-2.91%) and London Stock Exchange (-2.69%).