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UK Market Update : 
British Energy Surges. UK Stocks Rise
Author: 123jump.com Staff
123jump.com
Last Update: 5:05 PM EDT April 04 2008

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Stocks in UK rose as investors braved to buy stocks of utilities and mining companies. FTSE 100 index increased 0.95% or 55.8 to 5,947.10 and of the 102 in the FTSE 100 stocks, 67 rose, 28 declined and 7 were unchanged. The IMF report cautioned that UK and Ireland may be the next to face a housing market correction after the U.S. residential market collapse.

 
Global markets review

In Tokyo Nikkei 225 Index closed lower 96.68 or 0.72% to 13,.293.22. In Australia ASX 200 index higher 10.70 or 0.19% to close 5,619.60. In Malaysia KL Composite index decreased 3.60 or 0.29% closed to 1,221.98. Market of Hong Kong was closed today.

In South Korea Kospi Index increased 2.86 or 0.16% to close at 1,766.49, in Thailand SET index closed lower 1.88 or 0.23% to 824.80 and Indonesia JSE Index increased 39.11 or 1.75% to 2,277.08. Sensex index in India decreased 489.43 or 3.09% to 15,343.12.

In London FTSE 100 Index closed higher 55.80 or 0.95% to 5,947.10, in Paris CAC 40 Index increased 13.01 or 0.27% to close at 4,900.88 and in Frankfurt DAX index added 21.67 or 0.32% to close at 6,763.39. In Zurich trading SMI increased 57.26 or 0.76% to close at 7,573.49.
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