London’s markets were lower on the session Tuesday.
The FTSE 100 fell 1.9 percent to 6,102.2 while the FTSE 250 dropped 1.6 percent to 10,793.8.
Banks were down there as well, on reports of substantial exposure to the troubled US subprime market.
Even though the banks issued denials, Alliance & Leicester (LSE: AL) fell 3.91 percent to £10.08, while Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) dropped 3.6 percent to 589p and HSBC Holdings (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) was 1.9 percent lower to 881p.
The biggest decliner on the 100, however, was miner Lonmin (LSE: LMI) at a drop of 6.02 percent to £29.81.
Over on the 250, Aquarius Platinum (LSE: AQP; ASX: AQP; JSE: AQP) fell 5.26 percent to £13.87.
Online gambler PartyGaming (LSE: PRTY) was the worst performer on the 250; it was 7.14 percent lower to 22.75p.
The biggest gainer on the 100 was electricity generator Drax Group (LSE: DRX), which added 1.65 percent to 645p.
Pubs operators were higher.
Punch Taverns (LSE: PUB) gained 0.1 percent to £10.49, while Enterprise Inns (LSE: ETI) advanced 0.9 percent to 613.5p.
British Airways (LSE: BAY; NYSE: BAB) was up 0.86 percent to 412.75p.
Builder John Wood Group had the best day on the 250, adding 4.68 percent to 352.5p.
Asset managers Henderson Group (LSE: HGI; ASX: HGI) was 4.07 percent higher to 140.75p after Citigroup (NYSE: C) raised its recommendation from “hold“ to “buy“.
Construction engineers Keller Group (LSE: KLR) gained 2.8 percent to £10.29.