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European Stock Markets Close Lower

April 3, 2002

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LONDON (AP) _ European stock markets closed mostly lower Wednesday, with the technology sector recording the largest declines following a similar performance on Wall Street.

The technology sector’s weakness was partly offset by the strength of the chemicals sector, which rose after Dutch chemicals company DSM confirmed that it will sell its petrochemical operations to Saudi Basic Industries.

The Dow Jones Stoxx Total Market Index of shares in European companies fell 0.53 points to 287.47 points. The Dow Jones Euro Stoxx Total Market Index, which tracks companies in countries that joined the single currency, was down 0.34 points at 284.11 points.

The Dow Jones Euro Stoxx 50 Index was up 2.4 points at 3,746.4 and the Dow Jones Stoxx 50 Index was down 4.3 points at 3,662.4.

In domestic markets, The Financial Times-Stock Exchange 100-share index closed down 3.6 points, or 0.07 percent, at 5,247.80; the CAC-40 Index in Paris closed up 4.93 points, or 0.11 percent, at 4,632.26; and Frankfurt’s Xetra DAX was down 29.24 points, or 0.55 percent, at 5,281.84.

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