• FTSE 100 gains 63 points to 10,720

• Whitbread tops blue-chip risers

• WPP and Diageo advance

• FTSE 250 rises 0.3%

• AIM edges lower

8.00 am BST: Broad-based gains lift London

The FTSE 100 rose 63 points, or 0.6%, to 10,720 as London opened higher despite the technology-led sell-off across Asian markets.

Whitbread topped the blue-chip risers, gaining 2.6% to 2,574p following interim results showing a 2% increase in revenue to £1.57 billion, although pre-tax profit fell 62% to £109 million.

The Premier Inn owner also urged shareholders to reject activist investor Corvex Management’s demand for a board seat and changes to its strategy.

Advertising group WPP advanced 2.4%, Diageo gained 2.2% and Coca-Cola HBC rose 1.9%, while ConvaTec, NatWest, Croda International and Smith & Nephew added between 1.7% and 1.8%.

The FTSE 250 gained 63 points, or 0.3%, to 24,391, while the AIM All-Share slipped 0.1% to 774.

7.00am BST: London set for positive start

The FTSE 100 is expected to open around 23 points higher on Tuesday after gaining 104.23 points, or 0.99%, to close at 10,656.28 on Monday.

London’s commodity-heavy benchmark may receive support from elevated oil and metals prices, although a sharp technology sell-off across Asia has weakened broader market sentiment.

Wall Street finished mixed as investors prepared for the start of the US banking earnings season, with the Dow Jones Industrial Average rising 196 points, or 0.4%, to 51,850.

The S&P 500 edged 0.1% lower to 7,807, while the technology-heavy Nasdaq Composite dropped 0.4% to 27,246 as semiconductor stocks came under pressure.

The weakness spread across Asia, where South Korea’s Kospi was down around 6.5% in late trading as Samsung Electronics (KRX:005930, LSE:BC94) and SK Hynix tumbled amid concerns about technology valuations and competition from Chinese chipmakers.

Japan’s Nikkei closed more than 2% lower, Australia’s ASX 200 finished down 0.2% and markets in Hong Kong and mainland China were also trading in negative territory.

Brent crude eased from Monday’s gains but remained elevated at about US$105.20 a barrel, while West Texas Intermediate traded near US$92.30.

Gold gained 0.5% to around US$4,194 an ounce and copper advanced 0.3% to US$6.72 a pound.

Sterling strengthened slightly to US$1.322, while Bitcoin changed hands near US$83,600.

UK like-for-like retail sales increased 1% in September, accelerating from 0.5% in August and exceeding expectations for a 0.7% rise.

The corporate calendar includes half-year results from Bytes Technology and scheduled updates from PageGroup and Oxford Instruments.