Footsie defies global tech sell-off to hit record high: AI chip-makers in US and Asia suffer second day of losses

London's leading share index climbed by as much as 0.7%, or 80 points, to an intraday level of 10,951, taking it above a previous peak seen in February.

Banks and oil companies power UK stocks’ rebound from Iran war sell-off

Chip stocks around the world sold off sharply, the latest chapter in the months long jitters surrounding artificial intelligence, memory and chip stocks.

Shares in semiconductor companies plunged in South Korea and Europe, adding fresh doubts to the durability of the artificial intelligence trade.

Everything you need to know before you reach the office this morning.

Global tech stocks plunged after China achieved a breakthrough in developing machinery crucial to the AI boom.Trading was briefly halted on South Korea’s benchmark Kospi index, which collapsed more than 10pc overnight in a worldwide sell-off of semiconductor companies.The downturn was triggered by reports that China ha