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Bulls finding some strength | 7300 7330 7355 resistance | 7275 7240 support

#1 · 23rd August 2023, 9:23 am

FTSE 100 technical analysis for 23rd August 2023

The FTSE 100 closed in the green, snapping its worst run in four years as the mood improved following lower-than-expected government borrowing and an easing of a bond-market sell-off. Britain’s blue chip index closed 0.18pc higher at 7,270.76, while the FTSE 250 midcap index finished up 0.7pc at 18,024.26.

Asian equities traded mixed as Wall Street’s risk-on mood faded a day after the rally in big tech. Mainland Chinese stocks returned under pressure despite fresh signs of an earnings recovery among the country’s tech giants. Hong Kong shares edged higher, while those in Shanghai and Shenzhen fell, following a sudden rally Tuesday. Benchmark gauges in Japan and Australia held on to modest gains.