UK’s export-focused FTSE 100 advanced on Wednesday with miners and banks supporting gains, as top consumer China took additional measures to reopen the economy.
The blue-chip FTSE 100 rose 0.9%, while the mid-cap FTSE 250 added 0.3%.
Miners climbed 1.8%, tracking copper prices that rose after China dismantled its COVID curbs to reopen the economy.
Asia-focused banks such as Prudential and Standard Chartered were also among the gainers by 0824 GMT.
China revised its quarantine rules for inbound travellers starting from Jan. 8 on Monday, in a major step towards easing curbs on its borders, which have been largely shut since 2020.
UK’s FTSE 100 subdued ahead of Christmas weekend
Meanwhile, retail destinations enjoyed an almost 40% rise in shopper numbers during the first Christmas in three years without pandemic restrictions, as per Springboard.
The sector climbed 0.4%. UK markets were closed on Monday and Tuesday on account of Boxing Day and Christmas Day, respectively.
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