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Bulls hanging in there | 7385 7333 support | 7430 7470 resistance

#1 · 25th October 2023, 8:47 am

Technical analysis for FTSE 100 for 25th October 2023

The FTSE 100 closed 0.2pc higher at 7,389.70, while the FTSE 250 midcap index dropped 0.38pc to 16,994.10.

Shares in Asia pushed higher after the government stepped up support for China’s economy and stock trading, buoying optimism. Metals rallied. Mainland China shares advanced while the Hang Seng Tech Index jumped by the most since the end of August, on the government’s support plans that include issuing additional sovereign debt and raising the budget deficit ratio. At the same time, Hong Kong is reversing an emergency increase in the stamp duty on stock trades as officials seek to revive the city’s status as a hub for finance and initial public offerings.