London stocks mixed amid weak tech but FTSE 100 edges up

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Summary · why it matters

London's FTSE 100 edged up 0.1% to close at 10,665.88 on Tuesday, outperforming European and US peers despite fresh falls among technology stocks and renewed Middle East tension. The FTSE 250 ended down 0.5% at 23,378.82, while the AIM All-Share fell 1.2% to 769.18. Tech weakness followed a 6.9% drop in Samsung Electronics despite a bumper profit forecast, with analysts warning about the sustainability of chip earnings. Oil prices rose after an oil tanker was struck by an unidentified projectile near the Strait of Hormuz, with Brent crude trading at 73.88 dollars a barrel. Shell rose 3.4% on the higher oil price and after nudging up second-quarter integrated gas production guidance, while mining stocks weighed on the FTSE 100, with Anglo American down 4.6% and Fresnillo down 4.5%.

Impact on stocks 7

Artificial Intelligence · 3 stocks
Samsung Electronics Co Ltd
005930
▼ NegativeTechnologyCapitalrelevance

Samsung Electronics dropped 6.9% despite bumper profit forecast, with analysts warning about sustainability of chip earnings.

Critical Materials & Supply Chain · 2 stocks
Anglo American PLC
AAL
▼ NegativeDemandrelevance

Mining stocks weighed on FTSE 100, with Anglo American down 4.6%.

Fresnillo PLC
FRES
▼ NegativeDemandrelevance

Mining stocks weighed on FTSE 100, with Fresnillo down 4.5%.

Energy Transition & Power Demand · 1 stocks
Shell plc
SHEL
▲ PositivePricingSupplyrelevance

Rose 3.4% on higher oil price and nudged up Q2 integrated gas production guidance

Semiconductors · 1 stocks