European Indexes Slide as Tech, Industrials Drop

Dow Jones
10/07

0717 GMT - European stock indexes fall in opening trade. Technology and industrial stocks slide as the continent-wide Stoxx 600 falls 0.4%. London's FTSE 100 falls 0.3%, with miners on the index weakening. The German DAX falls 0.8%. Chip maker Infineon drops 2.7%, while industrials giant Siemens loses 1.8%. SAP falls 1.3%. In Paris, the CAC 40 drops 0.6% as AI-linked Legrand falls 2%, while bank Societe Generale falls 1.65%. Italy's FTSE MIB loses 0.5%, while the Spanish IBEX 35 is down 0.6%. The Dutch AEX slips 0.3%, with BE Semiconductor drops 3.85% as the stock comes under pressure following analysts' rating cuts.

 

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