London stocks rise on China recovery optimism

British equities rose on Tuesday as China-exposed stocks jumped after Beijing said domestic growth would be higher in the second quarter, while mining stocks rose on higher metal prices.

The blue-chip FTSE 100 (.FTSE) rose 0.1%, while the more domestically-focussed FTSE 250 midcap index (.FTMC) added 0.5%.

China’s Premier Li Qiang told delegates at the World Economic Forum in Tianjin that the country’s economic growth in the second quarter will be higher than the first and is expected to reach the annual economic growth target of around 5%.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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