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China dragged the FTSE slightly lower today

Ben Moshinsky   

China dragged the FTSE slightly lower today
Finance1 min read

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REUTERS/Alvin Chan

A Chinese fan reacts to his team's loss to Belgium after their men's first round Group C soccer match at the Beijing 2008 Olympic Games in Shenyang August 10, 2008

The FTSE had a disappointing day.

The UK's main stockmarket closed down 0.11%, or 8 points to 6,688.62.

The index was led lower by mining and oil companies, which were hit with weaker than expected manufacturing data out of Asia.

China, the largest manufacturing nation globally, saw activity contract at the fastest pace seen in two years.

Here's how it looked:

FTSE Aug 3

Google

The big losers were Anglo American and BHP Billiton, both down around 4%, while Rio Tinto fell 2.29%.

Meanwhile Rolls-Royce got a huge boost, up as much as 5.67%, on news that U.S. activist investor ValueAct had taken a 5.4 percent stake.

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