(Reuters) - UK shares fell on Wednesday as fresh worries about slowing global economic growth weighed on oil and financial stocks, with Burberry falling after disappointing Christmas sales and Metro Bank losing almost a third of its value after its profit miss.
FTSE 100 <.FTSE> was 0.4 percent lower, falling for a second day, and the mid-cap index shed 0.3 percent as of 0928 GMT, joining a broad-based sell-off across global stocks.
Fears that a prolonged Sino-U.S trade dispute still had some run left emerged after the Financial Times reported that the Trump administration had rejected an offer from China for talks ahead of high-level negotiations scheduled for next week.
Further marring the mood were upsetting home sales data from the United States, a bigger-than-expected fall in Japan's exports in December and weak factory sales in Canada - all of which pointed to tough trading conditions across the world.
All the sectors on the FTSE 100 were in negative territory within ten minutes of the opening bell.
Luxury brand Burberry
Gold miner Fresnillo
Bank shares <.FTNMX8350> were the worst hit, deepening their fall from the previous session when UBS posted disappointing results. Oil majors BP
But Europe's biggest plastics packaging maker RPC
(Reporting by Muvija M in Bengaluru; editing by Josephine Mason and Alexandra Hudson)