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UPDATE 1-FTSE 100 miners, energy stocks slide on new U.S. tariff list

* FTSE 100 down 1.3 pct

* U.S. threatens 10 pct tariffs on $200 bln Chinese imports

* Oil majors, miners fall
(Updates prices, adds details)

By Julien Ponthus and Helen Reid

LONDON, July 11 (Reuters) - British shares sold off on
Wednesday as the United States threatened to slap 10 percent
tariffs on a list of $200 billion worth of Chinese imports,
escalating a trade war and sending jitters across global

The blue-chip FTSE 100 index fell 1.3 percent,
snapping a four-day winning streak to decline in line with other
European markets, with the biggest losses in commodities

"Now nervously waiting for whatever China's retaliation will
be – beyond the immediate criticism of the proposal by Beijing –
the markets went into panic mode on Wednesday," wrote Connor
Campbell, an analyst at Spreadex.

China's commerce ministry said it was "shocked" and would
complain to the World Trade Organization, but did not say how it
would retaliate.

Goldman Sachs analysts said the release of the new list
increased the probability further tariffs would be implemented.

"The tariff would not take effect until September at the
earliest but nonetheless marks an escalation of trade tensions,"
they wrote in a note.

On the British political front, the pound stabilised as
analysts took the view Prime Minister Theresa May was likely to
hold on to power and limit the economic damage of leaving the
European Union.

Royal Dutch Shell and BP took the most
points off the FTSE, down 2.3 percent and 3.3 percent, as oil
prices fell with investors fearing the trade dispute could
depress global economic growth and reduce energy demand.

Mining groups also weighed heavily with Rio Tinto
and BHP Billiton down 2.8 and 3.1 percent as the threat
of further protectionist moves dented industrial metals prices.

Mid-cap miners Ferrexpo and Kaz Minerals fell
nearly 7 percent while Acacia Mining sank 11 percent to
the bottom of the small-cap index.

The pan-European basic resources index had its worst
day in two weeks, down 3.3 percent.

Outside trade war moves, Micro Focus led FTSE
fallers with an 8.9 percent slide after the software firm
reported an 8 percent decline in revenue for the six months to
end-April as the costs of integrating its acquisition of
Hewlett-Packard Enterprise assets climbed.

Micro Focus shares took their biggest tumble in four months,
since a sales warning and CEO departure halved their market
value in March.

Glencore fell 3.8 percent after it announced it had
set up a board committee to oversee its response to U.S. demands
for documents on its business in the Democratic Republic of
Congo, Venezuela and Nigeria, as part of a corruption probe.

Online supermarket Ocado lost 4.8 percent, giving
up some of its 9 percent gain from the previous session when its
shares surged after first-half earnings.

Among smaller companies, Indivior plummeted 30.2
percent after warning revenue and adjusted net income would come
in below its forecast, hurt by the launch of generic versions of
its bestselling opioid addiction treatment in the United States.
(Reporting by Julien Ponthus; Editing by Robin Pomeroy)

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