| Familiar worries of the U.S. economic malaise dragged mining and banks lower. Rio Tinto and BHP Billiton declined 6% after the weak trading in the U.S. and in the European region. Copper, zinc, and nickel, tin, and led prices in London declined. HSBC fell on the persisten uncertainty related to credit markets. Bovis Homes Group plunged 12% and led the home builder lower after it reported lower earnings and said that home prices may not rise in 2008. Persimmons dropped 4%, Taylor Wimpey lost 6%. |
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