FTSE bounces off lows after mining sector turnaround

By Alistair Smout and Liisa Tuhkanen LONDON (Reuters) - The FTSE 100 recouped early losses on Monday, as major mining stocks that had been hit by weak data from China turned higher on hopes of stimulus. The blue-chip FTSE 100 index was down just 2.69 points, flat in percentage terms, at 6,715.80 points by 1445 GMT, trimming losses after gains in early trade on Wall Street. Miners, which account for around a tenth of the FTSE 100 in terms of market capitalisation, recouped their early losses.