Another snippet about the state of the Chinese economy - one of the keys to the global outlook - has sent shares in banking group HSBC around 2% lower.
With worries about bad debts among Chinese lenders - property prices are a particular concern - news that China's Bank of Communications (snappily known as BoCom) planned to raise provisions has cast a shadow over news of a 29% rise in quarterly profit at the bank.
And the HSBC connection is that the BoCom is one-fifth owned by the UK listed company, sending its shares down 13.2p to 654.5.
To be fair much of the rest of the market is in the doldrums, with other banks also undermined by worries about the global recovery. Barclays is down 2.3p at 324.8p and Royal Bank of Scotland has lost 0.16p to 47.09p.
With Wall Street down around 50 points the FTSE 100 is off 41.27 points at 5309.28.
