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FTSE 100 Tops 10,000 for First Time as Tech Rally Lifts Global Stocks

Tech-led AI optimism set the tone in thin holiday trading that could exaggerate early‑January moves.

Overview

  • London’s benchmark briefly traded above 10,000 before closing up 0.20% at 9,951.14, while the Stoxx 600 rose 0.62% with technology shares leading gains.
  • U.S. stocks opened mostly higher with chipmakers outperforming, as Micron, AMD, Intel and Nvidia advanced and the Nasdaq climbed about 1.1% in early trade.
  • Asian markets strengthened on semiconductor and AI developments, including a 76% surge in Shanghai Biren’s Hong Kong debut and plans for a Baidu chip unit listing, while Seoul set a record.
  • In Brazil, the real firmed to roughly R$5.43 per dollar, DI futures fell across maturities with the Jan‑2031 rate near 13.37%, and the Ibovespa drifted around unchanged.
  • Participants noted reduced liquidity around the New Year and a light data docket, with fuller releases next week expected to offer clearer direction.