London stocks finished higher on Tuesday as markets rebounded from the previous day’s losses and easing oil prices helped calm inflation concerns.
The FTSE 100 closed up 162.72 points, or 1.6%, at 10,412.24. The FTSE 250 rose 394.15 points, or 1.8%, to 22,492.27, while the FTSE AIM All-Share gained 11.94 points, or 1.6%, to finish at 778.80.
European markets also ended the session strongly, with France’s CAC 40 climbing 1.8% and Germany’s DAX 40 advancing 2.4%.
Asian markets were mostly higher, although several benchmarks surrendered earlier gains as conflicting signals emerged over the conflict involving Iran.
Japan’s Nikkei 225 rose 1.3% to 54,926.50, while South Korea’s KOSPI added 0.6% to 5,562.40 after earlier climbing more than 3%.
In Hong Kong, the Hang Seng Index slipped 0.2% to 25,921.02, while China’s Shanghai Composite edged up 0.2% to 4,131.39. Australia’s S&P/ASX 200 gained 0.6% to 8,743.50.
Elsewhere in the region, Taiwan’s benchmark index jumped 4.1%, while India’s BSE Sensex fell 1.1%. In Thailand, the SET Index climbed 1.3%.
On Wall Street, stocks lost momentum on Tuesday as concerns about the conflict persisted. Donald Trump had suggested a day earlier that the war was “very complete”, but later escalated the conflict by ordering bunker-busting strikes on underground missile facilities in Iran.
The S&P 500 surrendered earlier gains to close down 14.51 points, or 0.2%, at 6,781.48. The Nasdaq Composite was broadly unchanged, rising just 1.16 points to 22,697.10, while the Dow Jones Industrial Average slipped 34.29 points, or 0.1%, to finish at 47,706.51.
