Losses in Europe and Asia are driven by AI-related groups including Nvidia, Tesla and Google-owner Alphabet
Stock markets in Europe and Asia took a tumble on Thursday, as jitters over the future growth of major tech companies sparked a global sell-off.
The pan-European Stoxx 600 dropped 1.3% to its lowest level since May this year, having been hit by a 2.75% decline in the Dutch chipmaker ASML, a 5.5% drop in Germany’s Infineon Technologies, and a 12.8% fall in Switzerland’s semiconductor company STMicroelectronics.
About Author
More Stories
‘Fruit of the devil’: Hainan’s betel nut sellers suffer from stuttering economy
Porsche reports steep fall in orders from Europe and China
Will Trump’s tariff chaos be China’s gain in global trade wars?