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London’s FTSE 100 opens higher after delay on ‘technical problems’

London’s FTSE 100 opens higher after delay on ‘technical problems’

Mubasher: London Stock Exchange’s (LSE) Financial Times Stock Exchange 100 (FTSE 100) index opened higher on Friday, after “potential trading services issue” was detected, leading to a two-hour delay in trading.

FTSE 100 edged up by 0.8% in early market trading, adding gains to the overall European equities, which traded higher in the morning session.

The LSE earlier on Friday postponed open of FTSE and FTSe 250, confirming “technical problems affecting certain securities on the London Stock Exchange.”

Futures had pointed to a higher opening for the UK’s blue-chip index, which the 100 LSE-listed companies listed with the highest market capitalisation.

FTSE 100 dived to a six-month trough on Thursday amidst an escalating trade conflict between the US and China, and mounting worries about the world’s economy, which triggered self-off in global stock markets.

The index is down more than 6.7% over a 30-day period, yet it remained 5% higher than the beginning of the year.