FTSE 100 Live: Stocks to dip as tech rebounds from sell-off; Oil set for weekly gain
Welcome back to City AM‘s FTSE 100 live blog. London’s blue-chip index is poised to dip this morning as tech stocks rebound after a sell-off earlier in the week. Over in Asia, equities bounced back overnight, reversing some of the losses from a heavy selling session after investors ditched their tech exposure following questions around [...]
Welcome to City AM's live blog covering the FTSE 100 market. This morning, London's blue-chip index is expected to decline as tech stocks see a rebound after a sell-off earlier in the week. Asia's equities bounced back overnight, offsetting some of the losses from a heavy selling session. Concerns over cloud company Corewave's mounting debt and possible AI financing fears led investors to reduce their tech exposure.
In South Korea, the Kospi index rose by 2.8%, following a 8% plunge the previous day. Meanwhile, Brent crude oil was trading above $105 per barrel on Friday morning, suggesting a weekly gain due to mounting supply concerns in the Middle East. Recent tensions in the region, including the sinking of a Singapore-flagged container ship by an Iranian projectile, have heightened investors' anxieties.
Throughout the day, stay tuned for the latest updates from the London Stock Exchange and the broader business landscape as they unfold.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
