FTSE-listed miners Glencore, Anglo American, BHP Biliton and Antofagasta's share prices rattled by weak Chinese data

Jessica Morris
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China is the biggest consumer of industrial metals (Source: Getty)

Shares in London-listed miners were rattled this morning after Chinese imports slipped 20 per cent last month, reinforcing fears that the country's economy is losing momentum more quickly than initially thought.

Glencore fell 5.1 per cent to 114.95p per share, Anglo American slipped 2.5 per cent to 675.15p per share, BHP Billiton fell 1.87 per cent to 1,155.50p per share and Antofagasta dipped one per cent to 571p per share.

This helped send the FTSE 350 mining index down 2.14 per cent to 10,027.71 points.

Read more: Asian markets rattled by weak China imports

Trade data released today showed China's exports fell less than expected in September, as the monthly figures showing recovery, but this was clouded by a steep fall in imports.

"We had seen quite a sharp recovery in the miners but yet again, China has brought us back down to earth with those weak figures.

"People who had been buying the miners over the last week would now be tempted to sell and lock in some profits on them," said Charles Hanover Investments' partner Dafydd Davies.

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