LONDON, Oct. 8 (Xinhua) -- The London stock market, which saw another 3 percent drop in the early morning trade after Tuesday's historical one-day fall, regained some of the losses by noon Wednesday with news of interest cut.

Bank shares, which topped the falling shares Tuesday, were among the top winners with HBOS and Royal Bank of Scotland as the leaders, and the FTSE 100 winning 58.72 percent and 28.72 percent respectively.

The two banks earlier suffered losses of 41 percent and 39 percent respectively.

It was reported that the central bank would cut the interest rate to 4.5 percent from the present 5 percent.

The Bank of England's action was seen as part of a coordinated rate cut by the world's central banks, with the U.S. Fed and European Central Bank also cutting their rates.

British government's 50 billion pound (87 billion U.S. dollar) rescue package was believed to be another reason for bank share rising.
关键字:英语国际新闻
生词表: