FTSE 100 Recovers Lost Ground Following Ukraine Sell-Off

A Union Flag flies from HMS Belfast moored on the River Thames in the shadow of the office buildings of the City of London, in London, on Nov. 1, 2020. Justin Tallis/AFP via Getty Images

The FTSE 100 staged a strong recovery on Friday as traders reversed much of the falls seen a day earlier after Russia invaded Ukraine.

London’s leading index closed the day up 282.08 points, or 3.91 percent, at 7489.46 in the biggest single-day rise since November 2020—a day that saw Pfizer announce its Covid-19 vaccine was 90 percent successful.