FTSE 100 lower as trade angst persists; Ocado outperforms

FILE PHOTO: Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson - Copyright SIMON DAWSON(Reuters)

By Reuters

Published on 29/11/2019 - 09:34•Updated 09/12/2019 - 11:07

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(Reuters) - London's FTSE 100 slipped for a second straight day on fears that the U.S. ratification of a law backing Hong Kong protesters would dent progress made in trade talks with China, even as Ocado outshone after a partnership with Japan's Aeon.

The main index <.FTSE> gave up 0.5% by 0803 GMT, as trade-sensitive stocks such as Asia-focussed HSBC <HSBA.L> and miners <.FTNMX1770> weighed. The mid-cap FTSE 250 <.FTMC> was flat by 0810 GMT.

Blue-chip online grocer Ocado <OCDO.L> jumped 13%, on track for its best day since May 2018, after signing a technology partnership with Japan's biggest supermarket operator, Aeon Co Ltd <8267.T>.

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

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