UK stocks were poised to open more than 1 per cent higher after Asia’s major equities benchmarks enjoyed a less volatile session on Monday following last week’s global sell-off.
The Hang Seng index was up 0.6 per cent after the lunch break in Hong Kong, having shed 9.5 per cent last week. The Hang Seng China Enterprises index, which dropped 12.1 per cent last week, was also 0.7 per cent higher on Monday.
In China, the CSI 300, tracking large-cap Shanghai and Shenzhen-listed stocks, rose 1 per cent.
Sydney’s S&P/ASX 200 dipped 0.3 per cent on a weaker showing from the financials segment.
Those relatively subdued moves came after the S&P 500 closed 1.5 percent higher on Wall Street on Friday, easing some of the pain from what was its biggest five-day fall since January 2016.
The positive sentiment is expected to flow through to the start of the trading week in London, with futures tipping the FTSE 100 to gain 1.4 per cent when trading begins.
Get alerts on London when a new story is published