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REFILE-FTSE erases last week's gain on rising Hong Kong tensions

Mon, 11th Nov 2019 08:30

(Refiles with today's date. Text unchanged)

* FTSE 100 down 0.7%, FTSE 250 down 0.5%

* Baker Greggs jumps after forecast upgrade

* Stocks vulnerable to Asia sink on Hong Kong tensions

Nov 11 (Reuters) - UK's main stock index fell sharply on
Monday as a violent escalation in protests in Hong Kong knocked
Asia-facing financial stocks, while investors waited for British
economic growth numbers.

The FTSE 100 slid 0.7% by 0806 GMT, handing back
nearly all the gains accumulated last week, while the FTSE 250
index of more domestic-focussed firms lost 0.5%.

Bluechips HSBC, Prudential and
China-exposed miners all slipped roughly 2% after
news that Hong Kong police shot and wounded one protester as the
pro-democracy unrest continued into its 24th straight week.

Baker Greggs, however, leapt 9% to top FTSE 250
gainers after hiking profit targets.
(Reporting by Muvija M and Shashwat Awasthi in Bengaluru
Editing by Saumyadeb Chakrabarty)

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