Europe Ends Higher, Shrugging off U.S. Selloff

Canadian markets stumble; Asia rallies on tech and telecom strength

European markets finished higher, despite a dismal finish in the U.S. In London, the Financial Times-Stock Exchange 100 index rose 109.40 points, or 2.15%, to 5,192.00 as the British unemployment rate remained unchanged at 3.1% while the number of unemployed fell by 4,900. In France, the CAC 40 gained 103.02 points, or 2.39%, to 4,411.51. In Germany, the DAX Index climbed 18.34 points, or 0.40%, to 4,634.73.

Canada's TSE 300 closed down 70.1 points to 6,956.8. Not only did the US indices experience bearish reversals but the selling intensified in the last hour dealing a heavy blow to Canadian stocks. More anthrax situations and earnings diappointments weighed on stocks. Thirteen of 14 subindices closed in negative territory

In Asia, the major markets ended with gains. Japan's Nikkei rose 117.63 points, or 1.11%, to 10,755.45, as an early-afternoon surge pulled the index back into the black. Technology and telecommunications were among the largest gainers. In Hong Kong, the Hang Seng index added 112.32 points, or 1.11%, to 10,260.81.