FTSE down 0.5% as banks head south; miners reboundWed Aug 13, 2008 3:55am EDT
Email<javascript:commonPopup('/do/emailArticle?articleId=CALD9429820080813',%20540,%20600,%201,%20'emailPopup')> | Print <http://www.reuters.com/articlePrint?articleId=CALD9429820080813> | Share | Reprints<javascript:commonPopup('http://license.icopyright.net/3.5398?icx_id=2008-08-13T075517Z_01_LD94298_RTRIDST_0_MARKETS-BRITAIN-STOCKS.XML&icx2_id=CALD9429820080813§ion=marketsNews',%20580,%20635,%201,%20'purchasePopup')> | Single Page <javascript:singlePageView();>| Recommend (-) MARKET NEWS <http://www.reuters.com/finance/news> Oil pauses after fall on steep demand drop<http://www.reuters.com/article/hotStocksNews/idUST14048520080813> | Video<http://www.reuters.com/news/video?videoId=88803&newsChannel=hotStocksNews> Asia stocks stumble on slowdown fears<http://www.reuters.com/article/hotStocksNews/idUSN1249899720080813> ING net falls 25 percent, beats estimates<http://www.reuters.com/article/hotStocksNews/idUSLD11447020080813> More Business & Investing News... <http://www.reuters.com/finance/news> Featured Broker sponsored link [image: Money Center]<http://ad.doubleclick.net/click%3Bh=v8/371b/3/0/%2a/g%3B204242863%3B0-0%3B1%3B23263878%3B1627-170/40%3B27218169/27236048/1%3B%3B%7Eokv%3D%3Bseg1%3D10018%3Bseg1%3D10021%3Btype%3Dfeatured_broker%3Bsz%3D170x40%3BarticleID%3DCALD9429820080813%3B%7Eaopt%3D2/1/9e/1%3B%7Esscs%3D%3fhttp://ibfx.com/Accounts/OpenDemo.aspx?ibfx=RE04530714> #1 FX Broker - Shares Mag 2007<http://ibfx.com/Accounts/OpenDemo.aspx?ibfx=RE04530714;sz=1x1;ord=6981531?> * FTSE down 0.5 pct * Banks lower on writedown fears; U.S. sentiment * Miners track metal prices higher By Michael Taylor LONDON, Aug 13 (Reuters) - Britain's benchmark index fell 0.5 percent on Wednesday, weighed down by banking stocks that fell on fears over writedowns, while miners lent some support by tracking metal prices higher. At 0730 GMT the FTSE 100 was down 25.8 points at 5,508.7 and is now over 14 percent lower for the year to date. Overnight, U.S. stocks slipped as banking shares tumbled on worries about credit losses. Japan's Nikkei .N225<http://www.reuters.com/finance/markets/index?symbol=jp%21n225>