FTSE 100 Registers Gain Over HSBC Profits


In the early Monday trades, London FTSE 100 witnessed a hike after China showcased boost in its industrial market. Also, HSBC contributed massively to the rise after investors aggravated their stakes in the company.

HSBC Holdings, the British holdings climbed around 10.1 per cent after Ping An, a Chinese insurance group gave a stimulus stake of 8 per cent.

Interestingly, FTSE 100 (blue-chip) rose to 1.4 per cent. The beverage makers lead the pack after it saw an improved outlook for the half-yearly.

Meanwhile, FTSE-250 (mid-cap), fetched a gain of 0.9 per cent. Besides, the UK government is mulling over to curb the growing effect of the second wave of Coronavirus pandemic.


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