By Joey Gardiner, 5 April 2000 15:00
NEWS European markets opened today heavily down as investors felt the effects of large losses yesterday on Nasdaq and the Dow Jones index. Both the German DAX and the French stock market opened this morning significantly lower, with traders nervous after yesterday's wild swings. At one point the Dow Jones index was down 504 points with high-tech stocks suffering most. The highly volatile markets have had at least one casualty so far - Dutch Internet company Newconomy has postponed its planned IPO because of the unpredictable trading conditions. This also follows the recent high-profile IPOs of ISP World Online and Lastminute.com, widely judged failures by analysts. However, despite the falls, early signs were promising for Europe's technology investors - with SAP, Nokia and France Telecom all making small gains. At the time of writing the London Stock exchange is still paralysed by a computer failure making trading impossible.
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