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FTSE 100 lower as miners overshadow Black Friday

Published: 10:03 27 Nov 2015 GMT

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It’s all about the sales today with ‘bargains’ galore as Black Friday gets underway.

There were a few blue chips cheaper as well as Footsie dipped 23 points at the open to 6,369.

That’s better than expected at the start after an overnight wobble in Asia, where the Shanghai Composite fell 4%, while Hong Kong’s fell 1.8% after regulators launched an investigation into two of China’s largest brokers.

It is wider crackdown to stamp put some of the volatility in Chinese and Hong Kong share prices over the summer, commentators said.

US markets were shut for Thanksgiving Day and are open for only a half day today.

Retailers were largely unmoved early doors, with small gains for electricals specialist Dixons Carphone (LON:DC.), up 1p at 475p, Sports Direct (LON:SPD) up 2p at 710.5p and Burberry (LON:BRBY) up 3p at 1,245p.

Red Friday might be an appropriate description for the mining sector, with another round of heavy share price declines weighing on the blue chip index.

Anglo American (LON:AAL) is in freefall at present, shedding a further 6% to 408p and a new five-year low.

Fellow major BHP Billiton (LON:BLT) was 3% lower at 813p, copper miner Antofagasta (LON:ANTO) shed 11p to 507p and gold  miner Randgold (LON:RRS) slipped 62p to 4,114p.

Coffee and bakery chain owner Patisserie (LON:CAKE) eased 5% despite announcing a maiden dividend.

Shale gas specialist IGas (LON:IGAS) rose 7% to 18.5p after the government seems poised to overrule Lancashire council and allow fracking.

Infrastrata (LON:INFA) rose 5% to 2.5p as it completed a work programme at its Islandmagee gas storage project and is looking to bring in investors.

Rex Bionics (LON:RXB) has received some positive datahttps://images.intellitxt.com/ast/adTypes/icon1.png from a clinical trial after its robotic legs were used in physiotherapy.

The device, currently an aid mobility for wheelchair users, is being assessed for its potentialhttps://images.intellitxt.com/ast/adTypes/icon1.png to help treat people with spinal cord injuries.

Shares eased 3.5p to 45p.

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