FTSE moves higher despite latest China rout

The FTSE 100 has moved higher despite Chinese stocks plunging another 6% today amid "panic sentiment" and many companies deciding to suspend their shares.

The Shanghai Composite Index fell 5.9% to 3,507 and the Shenzhen index was down 6.8%, while Hong Kong's Hang Seng followed suit with its own fall of 5.8%, to 23,517. Equity markets across Asia also suffered, with the Japanese Nikkei falling 3.1% to 19,738 and Korea's Kospi index down 1.2%. Over the past month, China's mainland index has plunged 32% amid an escalating sell-off, but its runaway performance prior to this period means it is still up some 70% over the past 12 months. China plunges towards bear market territory as stocks tumble 8% The fresh falls come as the Chines...