The heavy selling on Wall Street led European bourses deep into the red today.

In London, the


tested the pain barrier, with a fall of 188.6 points, or 3%, to 6,184.8, while the technology benchmark, the


, tumbled 118.0, or 3%, to 3,707.3.

Tech stocks saw some of the fiercest selling.

Bookham Technology

dived 587p, or 16.7%, to

29.13 ($18.70), while


dropped 457p to


Baltimore Technologies

derived little inspiration from its latest Aussie deal and shed 311p to

66.55, and

Affinity Internet

tumbled 112p to



led the media sector lower with a loss of 175p to

21.59, followed closely by



, down 55p to ¿11.45.

Telecom stocks completed the trio of misery, with sentiment undermined by yesterday's


(T) - Get Report


Vodafone Airtouch

(VOD) - Get Report

sank 18.5p to 270, and

British Telecom


shed 50p to ¿11.22.

Colt Telecom

tumbled 269p to


Anything that ended on a blue note today had to be something special, and

BP Amoco


managed to retain a penny gain at 551, after an upgrading by

Goldman Sachs

. The same broking house was less kind to the rest of the sector, with

Royal Dutch


losing 23p to 584.

British Aerospace

fell 12p to 395, as analysts projected a dim view of the company's presentation of its

Marconi Electronic Systems



(AZN) - Get Report

produced better than expected first quarter figures, but market sentiment pushed the price down 69p to


Blue Circle

finished 5.5p lower at 423 as the


bid deadline came and went without anyone the wiser.

Fairey Group

provided a ray of sunshine, with a gain of 48p at 487 on the proposed acquisition of


and a proposed 1-for-6 rights issue at 355p per share, something of a rarity in this market when many companies are busy buying back shares, rather than issuing them.

Europe's other bourses finished Wednesday in negative territory, with the

Xetra Dax

in Frankfurt finishing down 178.99, or 2.4%, at 7376.93 and the

CAC 40

in Paris ending 126.76 lower, or 1.9%, at 6435.65. The Neuer Markt's

Nemax All-Share

index closed down 144.64, or 2.2%, at 6562.69.

German technology stocks ended lower as investors decided to favor old economy issues.



closed down 5.72 euros, or 3.4%, at 163.50 ($148.52), software maker


(SAP) - Get Report

fell 29.00 euros, or 4.4%, to 639.00 and the Neuer Markt listed


ended down 2.25 euros, or 4.7%, at 45.75.

Industrial concern


ended up 0.82 euros, or 1.9%, and carmaker



rose 1.20 euros, or 2.8%, to 43.60.

Deutsche Telekom

(DT) - Get Report

fell 5.04 euros, or 6.7%, to 69.96 and

France Telecom


ended down 6.50 euros lower, or 3.7%, at 171.50, but


(TEF) - Get Report

closed up 0.04 euros, or 0.2%, at 26.78.