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Not a happy new year for investors

The majors topped the list of FTSE 100 fallers in London, with BHP, Anglo American, Glencore and Antofagasta all losing over 4% as markets came back after the new year’s break to weak Chinese manufacturing numbers.
Not a happy new year for investors Not a happy new year for investors Not a happy new year for investors Not a happy new year for investors Not a happy new year for investors

London investors were wary of the big, China-exposed miners on Wednesday

Staff reporter

Glencore saw the heaviest fall of the group with a fall of 4.98% to £2.77 (US$3).

The miner and trader had managed to avoid the global markets rout after Christmas that saw major indices mark the worst annual decline in a decade, only to be hit on the first trading day of 2019.

Rio Tinto was better than the rest, but still fell 3.17% to £36.

BHP and Rio also fell in Australia.

The big Canadian miners and developers did well over the Christmas break.

Ivanhoe led the pack with an 11.8% gain between December 24 and New Year's Eve, up to C$2.37 (US$1.74).

On London's AIM boards, Kodal Minerals led the way for the mining companies with a gain of over 13%, to 0.14p.