European stocks end lower as global volatility drags on; regional tech stocks hit 2-month low
European markets resumed their sell-off on Friday, as U.S. tech stock volatility spills over the Atlantic once again.
The pan-European Stoxx 600 ended the session 0.4% lower, with major bourses and most sectors in negative territory.
Global stocks have fluctuated wildly this week, as concerns about AI valuations hang over equity markets. Some respite from a four-day sell-off followed Nvidia’s earnings release on Wednesday, but its own gains were quickly reversed during Thursday’s trading session as New York-listed stocks lost further ground.
Friday saw Asian chip shares take a battering, while U.S. stock futures rose.
Looking at individual stocks in Europe, Dutch semiconductor firm BE Semiconductor closed 5.6% lower, while chip equipment makers ASMI and ASML fell 4.6% and 6.3%, respectively.
The regional Stoxx Europe Technology index closed 2.3% lower to trade at its lowest level since Sept. 16.
Source : Cnbc.com