FTSE 100 rises for second day as US markets collapse amid concerns over capital gains tax hike Business News

London’s FTSE 100 was building on the previous day’s rally, but was below the 7,000 mark it hit last week, while the FTSE 250 ended higher with equities rallying to mid capitalization and a lower pound.

The blue chip index finished up 43 points to 6,938, while the nationally focused FTSE 250 gained 279 points or 1.26%.

Construction giant Morgan Sindall’s stock – which is part of the FTSE 250 – jumped more than 19% on Thursday after a positive trading statement.

Meanwhile, US markets ended lower on Thursday after US President Joe Biden is expected to propose much higher capital gains taxes for the wealthy.

The Dow Jones Industrial Average fell 321 points, or 1 percent, to 33,815. The blue-chip benchmark fell 420 points to the lowest point of the day.

The S&P 500 closed 0.9% lower at 4,134 while the Nasdaq Composite also slipped 0.9% to close at 13,818.

Asia-Pacific stocks were mixed on Friday morning following an overnight drop on Wall Street.

Japan’s Nikkei 225 traded in red with a low of 0.80 percent by noon, after falling as low as 1 percent. Taiwan’s index rose throughout the session and traded with a gain of 0.66%, and South Korea’s Kospi gained momentum after the early hours.

Meanwhile, Hang Seng was also up 0.83 percent and Shanghai Composite was up with minor gains at 0.045 percent.

The Australian S & P / ASX 200 is down 0.16%.

Indian indices opened lower on Friday morning following mixed global indices and as investors continue to monitor the coronavirus situation in the country, after more than 310,000 new infections were recorded on Thursday.

The BSE Sensex fell over 200 points at the opening while Nifty 50 fell 75 points to 14,331.

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This notice was published: 2021-04-23 06:22:07