FTSE 100 Live 28 January: Index steady after US tech slump, Halfords upgrade
FTSE 100 Live 28 January: Index steady after US tech slump, Halfords upgrade
Share:
The Nasdaq Composite last night closed 3.1% lower after tech industry valuations were shaken by the emergence of China AI chatbot DeepSeek. Chipmaker Nvidia lost 17% or $600 billion of its value, alongside falls of 10% for Arm Holdings and 2% for Microsoft.
The S&P 500 index reversed 1.5%, whereas the US economy-focused Dow Jones Industrial Average put on 0.7%. Japan’s Nikkei 225 is down 1.4% but the Lunar New Year holiday means China stock markets are now closed until 4 February. The FTSE 100 index is forecast to open slightly higher, having closed broadly flat last night.
