European markets ended higher in low volume trading. News of waning consumer confidence in the U.S. pared gains in late trading. In London, the Financial Times-Stock Exchange 100 index gained 39.80 points, or 1.02%, to 3,940.40--finishing the year down 23%. In France, the CAC 40 finished up 38.77 points, or 1.28%, to 3,063.91. But for the year, the average skidded 33.8%. Monday was the last day of 2002 trading for the Frankfurt DAX index. On Monday, the DAX Index finished higher by 52.63 points, or 1.85%, to 2,892.63.
In Japan, the Nikkei 225 index was closed for the New Year. On Monday, the Nikkei dropped 135.10 points, or 1.55%, to close at 8,578.95, down 19% in 2002. In Hong Kong Tuesday, the Hang Seng index gained 48.96 points, or 0.53%, to close at 9,321.29.