Turnaround Tuesday For FTSE After China Rate Cut

The FTSE 100 index of Britain's leading shares has clawed back many of the big losses it sustained on so-called 'Black Monday' - boosted by a fresh interest rate cut in China. But America's Dow Jones ended down more than 200 points wiping out gains of around 2% earlier after it suffered big losses in the previous day . Beijing is to cut core interest rates in a renewed attempt to stimulate its slowing economy and help address a sell-off of Chinese shares.