FTSE 100 climbs as global markets recover from crypto crash, Sensex regains 50,000 points Business News

London’s FTSE 100 surpasses 7,000 with gains in industrials stocks, as global markets also recovered from a crypto crash.

The blue-chip FTSE 100 closed 70 more points at 7,020 on Thursday, while the domestically-focused FTSE 250 closed 157 more points at 22,392.

Stocks also closed higher on Wall Street Thursday, ending a three-day streak of losses, helped by gains in tech stocks, positive weekly unemployment data. The S&P 500 rose 1.1% and the highly technological Nasdaq rose 1.8%. The Dow Jones Industrial Average rose 0.6 percent.

Asia-Pacific stocks traded higher on Friday morning following positive global indices. Japan’s Nikkei 225 is trading with a 0.5% gain around noon, while mainland Chinese markets opened higher but entered red territory after an early trade.

Hong Kong’s Hang Seng fell 0.2% at noon before rebalancing later Friday for the June quarter.

Meanwhile, Indian indices rose on Friday after a 2-day losing streak, with Sensex opening above 50,000 and Nifty regaining 15,000.

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This notice was published: 2021-05-21 04:44:44