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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 100 movers: Prudential rallies on China optimism; Sage hit by broker note

(Sharecast News) - London's FTSE 100 was up 0.8% at 7,532.12 in afternoon trade on Tuesday. Asia-focused Standard Chartered and Prudential were both high risers following strong gains in Chinese markets, amid hopes China will ease Covid restrictions.

Miners - which are heavily dependent on demand from China - also rose, with Anglo American and Rio both up.

HSBC rallied as it announced the agreed sale of its Canadian business to RBC Capital Markets for $13.5bn in cash.

The transaction, which is expected to close late next year, will unlock "significant value" for the group, HSBC said.

On the downside, software firm Sage Group was knocked lower by an initiation at 'sell' by Goodbody.

FTSE 100 - Risers

Standard Chartered (STAN) 606.00p 4.52% HSBC Holdings (HSBA) 510.30p 4.44% Prudential (PRU) 966.60p 4.11% Anglo American (AAL) 3,286.00p 3.54% Rio Tinto (RIO) 5,542.00p 3.34% Airtel Africa (AAF) 123.80p 2.48% Harbour Energy (HBR) 318.40p 2.38% BP (BP.) 494.20p 2.20% NATWEST GROUP (NWG) 260.00p 2.12% Shell (SHEL) 2,410.00p 2.10%

FTSE 100 - Fallers

Halma (HLMA) 2,152.00p -5.24% Sage Group (SGE) 795.20p -2.55% Croda International (CRDA) 6,742.00p -2.35% Dechra Pharmaceuticals (DPH) 2,676.00p -2.26% Experian (EXPN) 2,886.00p -2.04% Severn Trent (SVT) 2,721.00p -2.02% United Utilities Group (UU.) 1,030.50p -1.90% Legal & General Group (LGEN) 252.00p -1.83% Rentokil Initial (RTO) 539.60p -1.75% Ocado Group (OCDO) 623.20p -1.67%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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