Business · 29 July 2026
FTSE 100 nears record high, avoids tech sell-off.
The UK index reached 10,951 points on Wednesday morning, surviving the wider market drop because it is packed with banking and energy businesses. In contrast, South Korea's main Kospi index closed 6% lower and had to pause trading for twenty minutes. Traders dumped shares in major computer chip manufacturers, including Samsung Electronics and SK Hynix, due to growing fears about artificial intelligence costs.
Reported by The Guardian · How we write briefs