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European markets open up after Asia follows tech stocks higher

Most European bourses advanced after Asian markets jumped overnight in the wake of rebounding U.S. tech stocks.

The Euronext 100 index of blue-chip European stocks was up 0.21% to 1,042.35 as of 9:57am Central European Time, as Germany's DAX added about 0.5%. Stocks in Italy and France gained less than 0.3% while the FTSE 100 was flat.

Overnight Japan's Nikkei 225 jumped 1.45% to close at 22,498.03, partly recovering a 2.0% loss the previous day. Hong Kong's Hang Seng Index added 0.28% to close at 28,303.19, as many Asian markets took their cue from a rebound in U.S. tech stocks. China's Shanghai Composite fell 0.67% to close at 3,272.05.

"A lot has been made of the recent tech sell-off but it also needs to be put into perspective. Despite recent price falls, companies like Facebook, Alphabet, Apple, Amazon and Microsoft are still over 40% higher year-to-date, and yesterday we did see some light buying return," said Michael Hewson of CMC Markets.

U.S private sector jobs rose Nov. 6, led by new employment in healthcare and education, giving some impetus to markets ahead of payrolls data due Dec. 8.

Hewson said: "Markets are also keeping an eye on events in Washington as U.S. lawmakers try and absorb two different versions of the recently passed tax bill into one piece of legislation that both Houses can agree on.

"There is also the small matter of the raising of the debt ceiling, which if delayed could well see a partial government shutdown over the weekend."