London's FTSE 100 slipped on Monday, with energy and mining stocks leading broad-based losses, as investors globally fretted over China's economic outlook following rare protests in the country against its strict COVID-19 restrictions.
Commodity prices dipped on worries about demand from top consumer China where protests against strict COVID-19 restrictions. China's zero-COVID policy has already slowed the economy and pressured global growth, but failed to stem the rise in infections.
"It's a very hard thing to price, even the markets are not used to seeing demonstrations in China," said Chris Beauchamp, chief market analyst at IG Group. "It looks quite serious, worries about how that will affect the government's reopening strategy and what kind of response you will get from Beijing, that's definitely causing a bit of caution."
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