Ftse 100 skyrockets to ALL-TIME HIGH before retreating amid AI stock sell-off

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Ftse 100 skyrockets to ALL-TIME HIGH before retreating amid AI stock sell-off.

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The Ftse 100 skyrocketed to an all-time high when trading began this morning, before retreating slightly amid an artificial intelligence (AI) stock sell-off.London's benchmark stock market index surged to an unprecedented 10,951 points, gaining as much as 0.7 per cent before retreating to trade flat later in the session.The milestone surpassed the Footsie's prior record of 10,934, which was set at the end of February, marking a full recovery from the sharp downturn triggered by the Iran conflict, which sent global equities tumbling in early March.Notably, the City of London's blue-chip index has gained nearly four per cent in July, while the S&P 500 has edged lower over the same period.A savage rout in semiconductor shares has battered markets worldwide, with the Nasdaq 100 dipping briefly into correction territory on Tuesday as investors retreated from chip and memory manufacturers.However, the Ftse 100's minimal direct exposure to the AI investment boom has shielded it from this...

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