October 18, 2019 / 7:28 AM / a month ago

FTSE falls as banks weaken on China GDP, Brexit nerves

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* FTSE 100 down 0.3%, FTSE 250 down 0.1%

* China GDP disappoints, Brexit vote eyed

* IHG slips after quarterly revenue drops

Oct 18 (Reuters) - Financial stocks pushed London’s FTSE 100 lower on Friday after China’s economic growth fell to a near 30-year low and on uncertainty ahead of a parliamentary vote on the new Brexit deal.

The main index shed 0.3%, with Asia-focussed HSBC dragging the most, as China’s third-quarter GDP growth slowed more-than-expected amid a bruising trade war with the United States.

The blue-chips were also dragged lower by a 2% dip in InterContinental Hotels after the Holiday Inn-owner blamed lower business bookings in China and protests in Hong Kong for a drop in revenue.

The FTSE 250 fell 0.1%, as domestic stocks eased after a week of volatile, Brexit-driven trading and as uncertainty remained whether British lawmakers would approve the new accord on Saturday. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Shounak Dasgupta)

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