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Rise in China's interest rate worries market.
(From Western Daily Press)
China's decision to raise interest rates continued to trouble investors yesterday as the FTSE 100 Index closed in the red.
The implications of a rate hike in the world's fastest growing economy were brought back into the spotlight as China's markets - including the benchmark Shanghai Composite Index - finished lower after the New Year holiday.
The FTSE 100 Index closed 39 points down at 6052.2, as cautious traders also awaited today's interest rates decision from the Bank of England's Monetary Policy Committee. The Bank is widely expected to hold rates but the possibility of a hike has unnerved investors.
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