The FTSE 100 jumped at the open on news the US still seems to be exempting electronics – most of which are made in China – from headline tariffs.
The blue-chip index was up 191 points, or about 1.9%, about 45 minutes into the session at 8,119.
US tech investors Polar Capital Technology Trust PLC (LSE:PCT) and Pershing Square Holdings (LSE:PSH) are top of early risers, with both up over 3%.
Banks are also among the gainers, led by those with significant investment banking arms, like Barclays PLC (LSE:BARC), and with a China focus, Standard Chartered PLC (LSE:STAN) and HSBC Holdings PLC (LSE:HSBA).
Meanwhile, John Wood Group PLC (LSE:WG.) has received a cash bid of 35p a share from Dubai-based engineering group Sidara, which the board said it would be minded to accept.
Shares in capAI PLC (LSE:CPAI) jumped 29% after the artificial intelligence company rolled out a revamped operating strategy and unveiled a proposed partnership with Silicon Valley venture capital firm R42.
