UK Stocks End Higher as China Stimulus Hopes Rise

Stocks in the U.K. finished higher Tuesday, rising along with other global markets, as slowing growth in China raised hopes for further stimulus in the world’s second-largest economy.

The FTSE 100  gained 1.7% to end at 5,876.80. The British blue-chip index achieved its best showing since Dec. 23, according to FactSet data.

Shares of mining companies helped lead the way higher. Commodities producer and trader Glencore PLC   jumped 5.1%, while platinum and iron ore miner Anglo American PLC  closed 2.6% higher. Oil producer Royal Dutch Shell PLC   bulked up by 2.4%.

China, a major buyer of commodities, posted fourth-quarter growth of 6.8%, the slowest rate of expansion since 2009. Full-year 2015 gross domestic product growth of 6.9% was the weakest pace of expansion in 25 years. Worries among investors about slowing in China’s economy and the health of its financial system have contributed to a selloff in equity markets worldwide this year.

via MarketWatch

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