European stocks rise despite Asia chip sell-off

The FTSE 100 closed higher on Tuesday, as the price of oil fell and several companies posted positive results, and with attention turning to the US Federal Reserve's upcoming rate call.

The FTSE 100 index closed up 89.27 points, 0.8%, at 10,871.02. The FTSE 250 ended up 106.68 points, 0.5%, at 24,004.78, while the AIM All-Share closed down 3.75 points, 0.5%, at 767.94.

The Cboe UK 100 was up 0.6% at 1,080.22, the Cboe UK 250 was 0.4% higher at 20,928.14, and the Cboe Small Companies was flat at 18,593.76.

In European equities on Tuesday, the CAC 40 in Paris closed up 0.6%, while the DAX 40 in Frankfurt ended 0.4% higher.

Stocks in New York were mixed. The Dow Jones Industrial Average was up 1.1%, the S&P 500 index was 0.3% higher, and the Nasdaq Composite declined 0.1%.

In Asia, South Korea's Kospi slumped 11% with its two major constituents, semiconductor giants Samsung Electronics and SK Hynix, down 13% and 15% respectively.

The falls came as investors grew increasingly concerned over financing risks tied to AI infrastructure spending and intensifying competition from China.