The FTSE 100 index slipped back into the red today as investors wavered after last week's surge above the 4,000 mark.
A reversal of fortunes for mining stocks saw many plummet into the red after earlier gains. This took the shine off the London market, which was down 0.3 points at 4029.4 by lunchtime - wiping out a morning rise of around 40 points.
News that Japan is to spend around 2 per cent of its output on measures to help workers and small businesses as well as boost regional economies lifted the Nikkei 225 by 1 per cent, while Hong Kong's Hang Seng was 3 per cent ahead.
In London, miners lost out after earlier rises. Rio Tinto topped the fallers board after a downgrade by Societe Generale and a Financial Times report that the firm had a back-up plan to sell $10billion (£6.7billion) of discounted shares should its Chinalco deal be blocked by regulators or shareholders. Shares were down 169p at 2321p.
Property and financial companies made the strongest gains, with banking stocks higher after HSBC completed its £12.5 billion rights issue with a 96.6% take-up from shareholders.
A reversal of fortunes for mining stocks saw many plummet into the red after earlier gains. This took the shine off the London market, which was down 0.3 points at 4029.4 by lunchtime - wiping out a morning rise of around 40 points.
News that Japan is to spend around 2 per cent of its output on measures to help workers and small businesses as well as boost regional economies lifted the Nikkei 225 by 1 per cent, while Hong Kong's Hang Seng was 3 per cent ahead.
In London, miners lost out after earlier rises. Rio Tinto topped the fallers board after a downgrade by Societe Generale and a Financial Times report that the firm had a back-up plan to sell $10billion (£6.7billion) of discounted shares should its Chinalco deal be blocked by regulators or shareholders. Shares were down 169p at 2321p.
Property and financial companies made the strongest gains, with banking stocks higher after HSBC completed its £12.5 billion rights issue with a 96.6% take-up from shareholders.
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