FTSE 100 Slides to Two-Week Low Amid Banking Sector Losses

 FTSE 100 Slides to Two-Week Low Amid Banking Sector Losses

London’s FTSE 100 fell to a two-week low on Friday, dragged down by significant losses in major banks. The blue-chip index closed 0.9% lower at 9,353 points, marking its second consecutive week in the red.

The FTSE 250, which is more domestically focused, also saw declines, dropping 1% to 21,783 points, but ended the week largely unchanged.

Banking Sector Struggles

The slump was primarily driven by setbacks in the banking sector. Key lenders posted notable losses:

• HSBC fell 3%

• Barclays dropped 5.4%

• Standard Chartered lost 3.2%

Analysts attribute the downturn to [optionally insert broader market context, e.g., economic concerns, regulatory news, or interest rate fears].

Investors will be closely watching the market next week to see if the banking sector stabilizes or if the FTSE 100 continues its recent downward trend.