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London's FTSE 100 index finished Monday up 1.0%, driven by a falling oil price and gains in US tech stocks. However, chip maker Nvidia saw its share price decline due to an investigation into its chief executive.
London's FTSE 100 closed slightly higher, gaining 7.71 points to reach 10,729.78. In contrast, the FTSE 250 index saw a decline of 220.80 points, ending at 24,453.36, as technology sector concerns impacted global markets.
The FTSE 100 index rose 1.1% on Thursday, driven by positive UK economic figures and a calmer bond market. Despite volatility in technology stocks, the UK economy demonstrated resilience with unexpected growth in August.
Shares in major UK housebuilders experienced significant gains following the government's announcement of the 'Your First Home' initiative. The programme aims to make new-build properties more accessible to first-time buyers with a reduced deposit requirement and government equity loans.
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