UKX FTSE 100 Index

By Barbara Kollmeyer, MarketWatch , Emily Horton

London's main bourse fell sharply Tuesday amid a global rout spurred by trade tensions and losses for big U.S. tech and internet names in the U.S.

How are markets performing?

The FTSE 100 fell 0.8% to 6,944.07, after closing down 0.2% late Monday.

The British pound was last trading at $1.2837, up from $1.2851 late Monday in New York.

What drove stocks?

A global equity rout spilled over into Europe and London was no exception, as big tech and internet names such as Apple Inc. (AAPL) and Twitter Inc. (TWTR) came under heavy selling pressure, dragging U.S. stocks south.

There were also renewed concerns over U.S./China trade sparring drove stock changes with Chinese regulators claiming to have found "massive evidence" of anticompetitive behavior among Samsung Electronics Co. Ltd. (005930.SE), SK Hynix Inc.(000660.SE) and U.S-based Micron Technology Inc. (MU), the FT reported Tuesday. (http://www.marketwatch.com/story/chinese-officials-find-evidence-of-anti-competitive-behavior-by-micron-samsung-sk-hynix-2018-11-20)

Investors remained cautious over U.K stocks, as another week of Brexit events and announcements from Theresa May are expected. Bank of England Gov. Mark Carney testified before parliament on the U.K.'s inflation and economic outlook and warned that a hard Brexit next March would be tough on the economy.

What stocks were active?

EasyJet PLC (EZJ.LN) slid by over 6%, as it reported strong annual results for 2018, but rising costs (http://www.marketwatch.com/story/easyjet-profit-up-sharply-despite-higher-costs-2018-11-20).

Banks were among the biggest decliners, with heavily-weighted HSBC Holdings PLC (HSBA.LN) (HSBA.LN) down 1.2% and Royal Bank of Scotland Group PLC (RBS.LN) (RBS.LN) off 3%.

(END) Dow Jones Newswires

November 20, 2018 10:25 ET (15:25 GMT)

FTSE 100
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