Banks lead London stocks lower as U.S.-China tensions rise
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(Reuters) - UK stocks slumped on Friday with Asia-focussed banks tumbling after China said it would impose a new national-security law on Hong Kong, ratcheting up tensions with Washington and raising fears of more pro-democracy protests in Asia's financial hub.The blue-chip FTSE 100 declined 1.9%, with HSBC sliding 5.2% to its lowest since March 2009 and Standard Chartered falling 4.2% to a 2016 low. The banking index fell 3.9% and was set for its worst day this month, while the FTSE 250 ..