Wednesday, May 30, 2007

FTSE down 1 pct on China sentiment; oils drag

(Reuters) - The FTSE 100 index of Britain's leading shares dipped 0.97 percent on Wednesday, taking its lead from a slump in Chinese shares overnight after China tripled a share-trading tax in a bid to reign in its red-hot market.

At 1058 GMT, the FTSE 100 was 64.3 points lower at 6,542.2, with many investors looking to the U.S. Automatic Data Processing's employment report for economic indicators at 1215 GMT for future market direction.


Read more at Reuters Africa

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