A man walks past the London Stock Exchange in central London on September 22, 2011. London's main stock market slipped lower at the start of trading on Wednesday, following in the footstep of its Asian counterparts overnight which fell on concerns about Chinese growth. (AFP/File)
LONDON (AFP) – London's main stock market slipped lower at the start of trading on Wednesday, following in the footstep of its Asian counterparts overnight which fell on concerns about Chinese growth.
The benchmark FTSE 100 index of leading companies lost 0.48 percent at 6,273.86 points.
Europe's other major indexes also fell, with Frankfurt's DAX 30 shedding 0.88 percent to 7,841.18 points and the Paris CAC 40 down 0.90 percent to 3,708.91 points compared with Tuesday's closing levels.
Asian equity markets also slid, hit by downbeat Chinese economic data and after losses on Wall Street.
Growth in Chinese manufacturing activity slowed further in June, official figures showed Monday, adding to a slew of data that has pointed to problems in the world's number two economy.
"European futures are in the red across the board on Wednesday, following in the footstep of their Asian counterparts over night, which fell on concerns about Chinese growth," said analyst Craig Erlam at trading firm Alpari.
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