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UK shares gain broadly after delayed stock market open

UK shares gain broadly after delayed stock market open
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls -
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Peter Nicholls(Reuters)
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(Reuters) – 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 <.FTSE> advanced 0.8% and the mid-cap FTSE 250 <.FTMC> 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.

(Reporting by Muvija M and Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

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