Better-than-expected data from China and the Eurozone helped the FTSE 100 rebound from a three-day sell-off that saw the index hit a six-week low earlier this week.
Aberdeen Asset Management was among the worst fallers on the FTSE 100 today, down nearly 5% in morning trading, as investors react to the recent sell-offs in EMs and panic over its impact on the group.
Emerging markets are currently in a cyclical bear market, with more pain possible, but the sell-off offers investors a good opportunity to add to positions for the long term, according to a leading strategist.
The FTSE 100 has shed 40 points in early trading to move back towards the 6,400 mark, compounding losses suffered in recent days.
Markets across the continent were lower in morning trading as investors reacted to heavy selling in emerging markets.
Hargreaves Lansdown is in talks with a number of fund groups to secure exclusive deals to sell their passive products at discounted prices.
The FTSE has tumbled as much as 2% as US ten-year yields touch two-year highs in expectation of an imminent slowdown of the Federal Reserve's quantitative easing programme.
Financial services group Resolution helped push the FTSE 100 index higher this morning after better-than-expected half-yearly results.
Japan's Nikkei has soared while the yen has tumbled against the dollar, amid speculation the government is considering a corporate tax cut.