UPDATE 2-UK stocks suffer losses not seen since 2016 Brexit vote


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    * FTSE 100 ends down 3.2 percent
    * Huawei arrest stirs trade tension worries
    * Oil, mining stocks lead fallers

 (Adds closing prices)
    By Josephine Mason and Julien Ponthus
    LONDON, Dec 6 (Reuters) - UK shares plunged on Thursday and
recorded losses not seen since the aftermath of the Brexit vote
as a sell-off swept global markets following the arrest of a top
Huawei executive that renewed worries about U.S.-China trade
    European stocks began the day well in negative territory but
went further in the red after Wall Street opened strongly lower.
    The FTSE  .FTSE  fell 3.2 percent to 6674.01 points, its
worst performance since June 2016, when Britons voted to leave
the European Union.
    The midcap FTSE 250  .FTMC  was down 2.8 percent with
domestically focused stocks slightly less affected than the
wider European market before a crucial Brexit vote next week.
    Prime Minister Theresa May is battling to get her Brexit
deal through parliament in a vote scheduled for Tuesday. She is
facing heavy opposition from lawmakers who backed Britain
leaving the bloc and those who wanted to remain in the EU.
    Losses on the British blue-chip index were in line with 
European peers with falling oil and commodities prices hitting 
heavyweight oil and mining stocks.
    The oil  .FTNMX0530  and mining  .FTNMX1770  sectors were
down 4.5 percent and 4 percent respectively as OPEC ended a key
meeting without making a decision on crude output. 
    Industrial metals prices fell on Thursday and copper hit a
three-week low after the arrest of Chinese smartphone maker
Huawei's chief financial officer dampened hopes for resolution
to the U.S.-China trade conflict.
    "The Huawei arrest appears to be the straw that broke the
camel's back", wrote Connor Campbell, an analysts at Spreadex. 
    "The rapidly dwindling good-feeling towards the U.S. and
China's vague trade war ceasefire turned actively hostile on
Thursday, investors fearing that, 90-day truce or not, the
relationship between the two superpowers might be about to take
a turn for the worse," he wrote.   
    Among other decliners, bookies stocks were hit by a report
that gambling companies have agreed to stop advertising during
live sport broadcasts, such as football matches, amid growing
pressure from politicians.  urn:newsml:reuters.com:*:nL8N1YB149
    On the midcap index, Indivior  INDV.L  topped the fallers,
down 11.4 percent, as investors moved out of the drugmaker ahead
of its demotion to the small-cap index later this month.
    The stock has also been hit hard by a U.S. court ruling late
last month that allowed a rival to sell a copycat version of its
blockbuster Suboxone drug.

 (Reporting by Josephine Mason; Editing by Jon Boyle and Edmund
 ((Josephine.Mason@thomsonreuters.com; +44 207 542 7695; Reuters
Messaging: josephine.mason.reuters.com@reuters.net))
For related prices, Reuters users may click on - * 
 UK stock report      .L     
 FTSE index:          0#.FTS6  
 techMARK 100 index:  .FTT1X          FTSE futures:      0#FFI:  
 Gilt futures:        0#FLG:          Smallcap index:     .FTSC  
 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
 Top price gainers:   .NG.L           Top % gainers:      .PG.L  
 Top price losers:    .NL.L           Top % losers:       .PL.L  
 * For related news, click on - *
 UK hot stocks:      [HOT and GB]     Wall Street:           .N 
 Gilts report:        GB/             Euro bond report  GVD/EUR 
 Pan European stock report:  .EU 
 Tokyo stocks:        .T              HK stocks:            .HK 
 Sterling report:     GBP/            Dollar report:       USD/ 
 * For company prices, click on - *
 Company directory:   UKEQ           By sector:           FTAX  
 * For pan-European market data, click on - *
 European Equities speed guide................  EUR/EQUITY  
 FTSE Eurotop 300 index...........................  .FTEU3  
 DJ STOXX index...................................  .STOXX  
 Top 10 STOXX sectors........................  .PGL.STOXXS  
 Top 10 EUROSTOXX sectors...................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors..................  .PGL.FTEU3S  
 Top 25 European pct gainers....................  .PG.PEUR  
 Top 25 European pct losers.....................  .PL.PEUR ))

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