FTSE feels the fallout of US high-tech hitch

The FTSE 100 was down 97.1 points at lunchtime today as the after effects of the drop in the US markets on Friday fed through to the Tokyo Hang Seng and then on to London.

NEWS The Nikkei 225 closed 323.9 down today at 14664.6, a 2.2 per cent slump. The drop in the Nikkei may have also been contributed to by political uncertainty following apparent growing momentum for a vote of no confidence against Prime Minister Yoshiro Mori. Amongst the big losers in blue-chip electrical and high-tech shares were Sony (down 4.3 per cent) and Toshiba (down 1.8 per cent). All eyes will be on the US markets when they open this afternoon. By Nik Hole

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