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Banking shares facing test as London market awaits U.S. rescue plan
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19:53, September 25, 2008

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The market seemed to have lost its direction in early Thursday trade, tumbling down and coming back, mirroring investors' anxiety about whether the U.S. Congress will approve a proposed 700 billion U.S. dollar rescue plan.

By 08:50 BST, the FTSE 100 index was down 2.23 points, or 0.04 percent lower, after a 21.42 point, or 0.4 percent, off in earlier trade.

Banking shares again were among those tested by the market, with Lloyds TSB falling 2.9 percent, and Royal Bank of Scotland 2.81 percent lower.

Thomas Cook Group, a world leading leisure travel groups, topped the falling list, with a 7.27 percent loss.

Source: Xinhua



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