London Stocks Close Higher After Drop in Wake of Tokyo’s
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LONDON — Stock prices finished higher on London’s Stock Exchange today, as late afternoon buying reversed early declines following another market plunge in Tokyo.
London stocks initially were battered by the Nikkei index’s second worst showing in Tokyo since the 1987 crash. But later in the session, London stocks rose after a bullish start on Wall Street.
“The blood bath some were suggesting on Wall Street just didn’t appear,” said one head of dealing at a London investment firm.
The Financial Times-Stock Exchange 100-share index rose 12.6 points, or 0.6%, to close at 2,249.3, bounding back from a low of 2,208.4 minutes after official trading began.
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