Sun, Feb 22, 2004 - Page 10 News List

European markets finish low as traders book profits

REUTERS , PARIS

"The whole semiconductor sector is under pressure after a sell-off in the US, and Philips is falling in line with the sector," said asset manager Lex Werkheim at broker Eureffect, also citing disappointing quarterly results of US computer and printer maker Hewlett-Packard.

Meanwhile, military equipment maker BAE Systems shed 5 percent to ?1.8033. Dealers said investors were locking in profits after the shares advanced from ?1.57 since the middle of last week.

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