Wednesday, May 30, 2007

FTSE down after China tax hike; Glaxo weighs

(Reuters) - The FTSE 100 index of Britain's leading shares dipped 0.7 percent on Wednesday following a more than 6 percent slump in Chinese shares after China tripled a share-trading tax in a bid to cool its red-hot market.

At 0737 GMT, the FTSE 100 was down 47.0 points to 6,559.5, mirroring falls seen on Asian markets.


Read more at Reuters Africa

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