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FTSE 100 Set to Fall as Tech Rout Deepens and Oil Trades Below $100
Welcome back to City AM ‘s FTSE 100 liveblog.
Welcome back to City AM ‘s FTSE 100 liveblog. It’s Friday morning and London’s blue-chip index is shaping up for another big loss after the tech rout deepened on global markets overnight. South Korea’s Kospi index tumbled more than five per cent and saw a halt in trading on the exchange, while Japan’s Nikkei 225 index fell around six per cent. Taiwan’s benchmark Taiex index also dropped just over six per cent. It follows the Nasdaq dropping five per cent led by major sell-offs in AI-related stocks and chipmakers.
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FTSE 100 Set to Fall as Tech Rout Deepens and Oil Trades Below $100
City A.M.'s live blog reported that London's blue-chip index was shaping up for another large loss on Friday morning. The tech sell-off deepened on global markets overnight. South Korea's Kospi index fell more than five per cent, and trading on the exchange was halted. Oil prices were reported below $100 a barrel. Investors are watching whether the rout spreads further across European and Asian markets.