Terror in the U.S. brought tumult to Asian markets overnight, but European markets rebounded from opening lows as hopes for a speedy recovery spread across the Continent. While London's FTSE 100 dropped by 62 points to 4684 at the open, a new 35-month low, the few traders in a thin market seemed resolved to gain strength through evil. At the close, the FTSE was up 2.8%, closing at 4882. Continental markets also bounced back as trading came to a close. In Frankfurt, the Dax slumped more than 50 points at Wednesday's open and lost 1.5% early, but the index recovered to post a 1.8% gain to end the day at 4353. In Paris, the CAC 40 slipped 3% at the open but also recovered. The French index closed at 4114, up nearly 55 points, or 1.3%. Most European exchanges suspended trading in most U.S. equities Wednesday. All European markets halted trading at 8:45 a.m. EDT, near the time of Tuesday's first World Trade Center crash, to observe a moment of silence for the victims. Pharmaceutical companies helped lead the advance. GlaxoSmithKline jumped 11% in London trading, and Aventis, the biggest French drugmaker, gained 7.3% in Paris. Investors perceived drugmakers to be largely unaffected by the hostilities. Conversely, airline stocks took a hit. Air France declined 10% on top of Tuesday's 16% decline. Both British Airways and Lufthansa closed marginally lower, on top of double-digit losses the day before. Insurers also lost ground on fears that many may have written policies for companies destroyed in Tuesday's carnage in New York. At first glance, experts suggest the damage from the assault could exceed $15 billion. European insurance giant Aza lost more than 6.3%, and French reinsurer Scor was down nearly 15%. Scor estimates its exposure to the bombings at between $150 million to $200 million. The French insurance giant also said its 120 employees housed in the World Trade Center complex are accounted for.