Markets & Finance

Asian Markets Rally


European markets ended mixed. Germany's DAX index was down 14.14 points lower, a loss of 0.49% at 2,942.45, led by losses in Siemens, SAP, DaimlerChrysler, and Volkswagen.In France, the CAC 40 index declined 5.26 points, or 0.18%, to 2,962.63.

London's FTSE 100 bucked the downtrend, staging a late turnaround to close higher by 0.45% at 3987.4. Large-cap contributors to the advance in the FTSE included BP-Amoco, GlaxoSmithKline, AstraZeneca and Unilever.

Asian markets enjoyed further gains Monday after Friday's rally. Japan's Nikkei 225 average closed at 8,221.10, or 0.85% higher on Monday, its best level to its highest point in a month. The Nikkei had closed 1.5% higher on Friday.

In Hong Kong, the Hang Seng index closed up 71.4 points, or 0.79% at 9155.60.


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