FTSE 100 drops as commodity stocks weigh; Ultra Electronics jumps | Malay Mail

LONDON, Aug 17 ― London's FTSE 100 yesterday recorded its worst session in nearly a month, as weakness in commodity prices hit heavyweight energy and mining shares, while Ultra Electronics jumped after it agreed to a takeover deal.

“Some investors may be worried that BHP is selling at a bad time, owing to the uncertain economic outlook, forecasts in some quarters of US$100 -a-barrel oil in 2022, and the substantial number of oil and gas assets that are potentially up for sale,” Russ Mould, investment director at AJ Bell said in a note.

In the UK, investor focus this week will be on latest unemployment, retail sales, and inflation numbers.

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Tokyo stocks open lower on virus worries | Malay MailTOKYO, Aug 16 — Tokyo stocks opened lower today as concerns over rising coronavirus cases in Japan continued to weigh on the market. The benchmark Nikkei 225 index dropped 1.36 per cent, or 380.13 points, to 27,597.02 in early trade, while the broader Topix index fell 1.37 per cent, or 26.76...
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