Monday saw European markets open lower as investors in the area prepared for a busy earnings season and the European Central Bank’s most recent interest rate announcement.
Although the Stoxx 600 index saw a 1.2% weekly gain, it opened 0.7% lower.
The tech sector had a 0.6% increase while technology shares fell 4.3%.
As worries about the worldwide leadership of AI by established U.S. companies were raised by the success of the Chinese AI company DeepSeek, weak tech performance was reflected in Wall Street futures and Asian markets.
The stock prices of ASML and ASM International, two European chip companies, fell 8.4% and 11.6%, respectively.
Source (CNBC)
