Commodity-linked stocks pull FTSE 100 lower as China-demand worries rise

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FTSE 100, FTSE 250 down 0.7%

Nov 28 (Reuters) - London's FTSE 100 slipped on Monday, with energy and mining stocks leading broad-based declines as investors worried about China's economic outlook amid protests in the country against its strict COVID-19 curbs.

The blue-chip FTSE 100 .FTSE and the more domestically-focused FTSE 250 midcaps .FTMC shed 0.7% each.

Energy stocks .FTNMX601010 fell 1.0%, while base metal miners .FTNMX551020 and precious metal miners .FTNMX551030 dropped 0.6% and 0.9%, respectively.

Commodity prices dipped on worries about demand from top consumer China where protests against strict COVID-19 restrictions flared up. China's zero-COVID policy has already slowed the economy and pressured global growth but failed to stem the rise in infections.

Asia-exposed lenders HSBC HSBA.L and Standard Chartered STAN.L both fell more than 1%.

Data showed Black Friday shopper numbers across Britain rose 3.7% year-on-year, albeit they were still down 21.3% on pre-pandemic levels. The focus will now be on Cyber Monday sales amid a worsening cost-of-living crisis.
Reporting by Shashwat Chauhan in Bengaluru; Editing by Savio D'Souza

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