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UK shares gain broadly after delayed stock market open


Reuters London
Updated: 16-08-2019 15:04 IST
UK shares gain broadly after delayed stock market open

Image Credit: StoryBlocks

Britain's stock market indexes jumped after a delayed open following the London Stock Exchange's longest outage in eight years on Friday, boosted by broad gains across sectors. The main index advanced 0.8% and the mid-cap FTSE 250 rose 0.5% by 0847 GMT, with all sectors on the indexes in the black when trading began after an almost two-hour delay.

Both indexes were rebounding after two straight sessions of steep losses, which were triggered by fears of a looming recession and worries that the U.S.-China trade war may escalate further.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : United Kingdom