Here is how major stock markets
outside the United States ended on Friday.
LONDON The UK's FTSE 100 index broke a five-day losing
streak but failed to cling onto the bulk of the day's strong
advance as investors remained unconvinced by the sudden
about-turn in sentiment. The FTSE 100 closed at 6163.2 points,
up 48.9 or 0.80 percent down 119 from a week ago.
FRANKFURT Ther Xetra DAX ended over one percent up after a
triple-witching expiry and buoyed by Wall Street's continued
rise above the 10,000 point level. Traders said technical
trading had sent some stocks unexpectedly higher. The DAX-30
index closed at 5099.48 points, up 85.86 or 1.71 percent. In
later screen-based trade the Xetra DAX index ended at 5108.75
points, up 82.96 or 1.65 percent up 77.69 from last Friday.
PARIS Paris stocks finally closed above hefty resistance at
4,200, bolstered by the Dow's surge above 10,000. The CAC-40
index closed at 4219.65 points, up 67.28 or 1.62 percent a rise
of 44.62 since last week.
ZURICH Swiss shares closed slightly firmer on relatively
high volume of nearly six billion Swiss francs after the expiry
of Eurex options. The Swiss market index closed at 7208.3
points, up 12.6 or 0.18 percent. This was down 42.4 on the week.
MILAN Milan bourse indices closed well off highs as Wall
Street's rally faded but still ended positive, supported by
strong gains in banking stocks and a cluster of other blue
chips. The All Share Mibtel index closed at 25238 points, up 151
or 0.60 percent a gain of 52.5 over the week.
AMSTERDAM Dutch shares closed up, boosted by
short-covering in options market as March options expired. Some
players saw more gains next week for the Dutch market, which has
lagged other European bourses and the U.S. market this year. The
AEX index closed at 547.17 points, up 9.58 or 1.78 percent up
14.15 from a week ago.
HONG KONG Blue chip stocks roared to a sharply higher
close, breaking above the 11,000 level for the first time in 11
months on strong gains in overseas markets and hopes of a local
interest rate cut. The Hang Seng Index surged 423.60 points or
3.97 percent to finish at 11,082.92 after hitting a new 1999
high of 11,127.23. There was a rise of 281.16 on the week.
TOKYO Share prices surged as a strong showing on Wall
Street helped to bring buyers flocking back to the Tokyo market,
where hopes have been rising that the nation's battered economy
may be finally set to recover. The key Nikkei average finished
4.20 percent or 660.86 points higher at 16,378.78, a gain of
889.92 since last Friday.
SYDNEY The stock market closed higher, juiced up by Wall
Street's renewed vigor. But the tonic wore off in afternoon
trade as momentum stalled, and the key local stocks gauge failed
to follow a U.S. run to record highs. The All Ordinaries index
ended 16.8 points, or 0.57 percent, up at 2,984.5. For the week,
the index was up 8.1 points.
JOHANNESBURG South African stocks post a surprisingly
strong run ahead of a long weekend on the back of short covering
and stronger international markets. The All-share index closed
at 6574.9 points, up 95.3 or 1.47 percent up 134.8 from last
week. The All Gold index closed at 914.2 points, down 16.6 or
1.78 percent a fall of 88.3 since last Friday, while the
Industrial index closed at 7711 points, up 128.4 or 1.69
percent. This was up 208.2 from last week.