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LONDON -- It was a shambles in the London stock market on Wednesday, with the market finally opening at 1545 GMT after technical difficulties prevented any trading. As if it wasn't bad enough for market makers and investors attempting to square books ahead of the end of the tax year while dealing with the wild gyrations in early trading in New York.

In an effort to make up for lost time, the

London Stock Exchange

decided to postpone the close of trading to 1830 GMT. Once it was all over and done with, the

FTSE 100

finished down 67, or 1%, to 6,360.

Tech stocks shrugged off the overnight Nasdaq flirtation with meltdown, and bounced back with renewed vigor.

ARM Holdings

(ARMHY)

573 pence, or 19.1%, to 35.75 pounds ($17.61),

Capita Group

was up 36p, or 2.8%, to 13.14 pounds, and

GEO Interactive Media

was up 110p, or 8.4%, to 14.23 pounds after favorable press comment and a recent deal with telco

Energis

(ENGSY)

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.

Renewed interest in the techs came at the expense of the Tuesday's gainers such as financial stocks.

Barclays

(BCS) - Get Barclays Plc Report

was down 121p, or 6.6%, at 17.07pounds, and

Royal Bank of Scotland

was down 43p, or 4.3%, at 968.00p.

Europe's other stock markets ended in negative territory, with the

Xetra Dax

in Frankfurt down 192.03, or 2.6%, at 7330.77 and the

CAC 40

in Paris off 185.00, or 3%, at 6036.94.

In Frankfurt, financial stocks jumped higher after merger talks between

Deutsche Bank

(DTBKY)

and

Dresdner Bank

(DRSDY)

broke down. Deutsche rose 3.19 euros, or 4.2%, to 80.01 and Dresdner ended up 2 euros, or 4.3%, at 49.

The failed merger sparked speculation of other possible deals, which helped other shares such as

Hypovereinsbank

(HVMGY)

, 0.92 euros higher, or 1.4%, to 66.98. The biggest loser was insurer

Allianz

, which holds stakes in both Deutsche and Dresdner, and was thought to gain the most out of the deal. Allianz plunged 61.16 euros, or 13.9%, to 380.

German technology shares erased early gains to end the day in negative territory.

Siemens

(SMWAY)

ended down 4.61 euros, or 3.3%, at 133.49 and

Epcos

(EPC) - Get Edgewell Personal Care Co. Report

dropped 8.20 euros, or 6.6%, to 115.80.

France Telecom

(FTE)

ended down 10 euros, or 6.2%, at 152.10, after new reports the company was preparing a bid for U.K. wireless operator Orange.

Deutsche Telekom

(DT) - Get Dynatrace, Inc. Report

ended up 1 euro, or 1.4%, at 75 and

Telefonica

(TEF) - Get Telefónica SA Report

closed down 0.57 euros, or 2.3%, at 24.23.