FTSE drops at start of trade (AFP)
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LONDON (AFP) – London's main stock market tumbled at the start of trading on Friday amid increased investor worries about eurozone debt.
The FTSE 100 index shed 1.26 percent to 5,742.12 points in early deals.
Asian stocks closed sharply down on debt fears and also owing to possible further measures by Beijing to restrain a surging economy, traders said.
Shanghai's Composite index ended down 5.16 percent at 2,985.44 points, with across-the-board profit-taking after Chinese inflation data showed inflation roaring ahead of central bank targets, raising expectations of a rate hike.
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