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UK shares in the red as risk aversion prevails

UK shares in the red as risk aversion prevails
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls -
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(Reuters) – UK shares inched lower on Tuesday, as worries over protests in Hong Kong, the U.S.-China trade spat and the health of the British economy continued to fuel a risk-off sentiment, even though travel firm TUI rose after quarterly results.

The main index <.FTSE> edged 0.1% lower as it fell for the third straight session. The mid-cap FTSE 250 <.FTMC> gave up 0.2% by 0715 GMT, though online trading platform Plus500 <PLUSP.L> soared 10% after half-year results.

London-listed shares of tour operator TUI <TUIGn.DE> <TUIT.L> advanced 2% after it said robust business outweighed problems with the grounding of Boeing’s <BA.N> 737 MAX jets in the third quarter and upheld its annual earnings view.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Shounak Dasgupta)

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