China-exposed miners, banks push UK’s FTSE 100 higher

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Reuters UK

By Johann M Cherian (Reuters) -UK’s export-focused FTSE 100 advanced on Wednesday, led by banks and miners, as top metals’ consumer China took additional measures to reopen the economy. The large-cap FTSE 100 rose 0.7%, while the mid-cap FTSE 250 added 0.2%, as of 0941 GMT. Miners climbed 1.2%, tracking copper prices that rose after China dismantled its COVID curbs to reopen the economy. [METL/] Among individual stocks, China-focused insurers and banks such as Prudential and Standard Chartered also rose, gaining 2.9% and 0.8%, respectively. China scrapped its quarantine rules for inbou…

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