China fears send FTSE 1.5% lower

clock

The FTSE 100 fell almost 1.5% to below 5,900 in midday trade on Thursday as strong growth figures from China prompted monetary tightening concerns.

London's leading index dropped 1.46% to 5,889.62 but has since recovered marginally to sit 1.36% lower. China today posted economic growth of 10.3% for the 12 months, surpassing expectations, despite a final strong quarter based on robust industrial production and retail sales. This growth rate, which has seen China overtake Japan as the world's second biggest economy behind the US, is driving concerns of monetary tightening by China in order to dampen inflation. Nonetheless, inflation in China had actually cooled to 4.6% in December, after a 28-month high the previous month. Gl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

RGL adds further 1,500 Woodford investors to lawsuit against Hargreaves Lansdown

RGL adds further 1,500 Woodford investors to lawsuit against Hargreaves Lansdown

Total of approximately 6,600 claimants

Cristian Angeloni
clock 27 January 2025 • 2 min read
PA Working Lunch: Orbis on risk and return from the bottom up

PA Working Lunch: Orbis on risk and return from the bottom up

Join PA and Orbis on Wednesday for an informative online session

Professional Adviser
clock 20 January 2025 • 1 min read
Quilter's WealthSelect rebalances in response to bond market

Quilter's WealthSelect rebalances in response to bond market

Following recent government bond market performance

Isabel Baxter
clock 17 January 2025 • 1 min read