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FTSE 100 Slides Amid Dividend Cuts, Nvidia Grapples with China Woes
28 Aug
Summary
- FTSE 100 closes lower, dragged by stocks trading ex-dividend
- Nvidia shares drop as China sales concerns offset strong results
- US economy grows faster than expected in Q2 2025
On August 28th, 2025, the FTSE 100 index closed lower, despite gains elsewhere in Europe, as a number of stocks traded ex-dividend. The FTSE 100 fell 38.68 points, or 0.4%, to 9,216.82, while the FTSE 250 and AIM All-Share also ended the day in the red.
Insurer Aviva was the top faller on the FTSE 100, dropping 3.1% as it traded without the right to its latest dividend payout. Other stocks that lost ground for the same reason included LondonMetric Property and Auto Trader, which fell 2.0% and 1.6% respectively.
In contrast, sports retailer JD Sports Fashion continued its recent rally, climbing a further 2.8% after a well-received trading update. Analysts at Berenberg also raised their price target for the company, citing its potential for growth, margin recovery, and strong free cash flow.
Across the Atlantic, the US economy grew at a stronger pace than expected in the second quarter of 2025, expanding 3.3% on an annualized basis, up from the initial estimate of 3.0%. This marked a turnaround from the 0.5% contraction seen in the first quarter.
However, not all news was positive, as chipmaker Nvidia saw its shares fall 1.1% in New York. The company has not included any sales from China in its guidance as it grapples with the fallout from the ongoing trade war between the US and China.
