FTSE ends in the red as BHP and Anglo American plunge over 15% after Chinese exports hit six-year low in February
Mining giant posts sharp decline in profit and unveils plans to accelerate its debt reduction plans in 2016
Glencore and Anglo American lead FTSE 100 risers but RBS plunges after posting £1.9bn loss on litigation charges.
Centrica and Anglo American were the latest FTSE 100 stocks to cut returns to shareholders this week.
The FTSE 100 jumped 2.87% on Wednesday 17 February, building on Tuesday's gains.
UK and European stocks gained as oil prices surged almost 10%, driving miners higher.
UK stocks driven higher by commodity stocks as oil prices stage solid rebound and halt two-day decline.
Experts expect China's ruling People's Party to keep the economic slowdown under tight control.
UK stocks ended the week firmly in the red after China sparked a global selloff and oil prices fell below $30.
Stoxx 600 has biggest drop since August, while Dax falls below 10,000 for first time since October.
London's main benchmark was dragged lower by commodities-related stocks.
London's FTSE 100 recovered from a poor start to 2016 and gained ground with miners buoyed by upbeat data.
Glencore, BHP Billiton and other commodity traders are struggling to survive because of the crisis.
Cobar and Lomas Bayas mines have a combined output 125,000 tonnes of copper per year.
As commodity prices continue to slide, Glencore cut its zinc production, axing hundreds of jobs.
From 340p, the company has shed more than 71% in the past few months to a share-price low of 76p.
Meanwhile, ONS showed government borrowing increased to £12.1bn in 12 months to August.
Commodities trader issued 1.3 billion ordinary shares for 125 pence each and the sale was completed within a day.
The company is trying to reduce its debt of almost $30bn after it reported a $676m loss the first half of 2015.