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European shares hit by tech-led selloff

European shares edged down on Tuesday as tech stocks led the decline amid deepened concerns over proposed tax on digital revenue of tech giants.

Photo: Reuters

The pan-European STOXX 600 index inched down 0.1 percent to 373.45.

Frankfurt’s DAX 30 slipped 0.1% to 12,204.71, and France’s CAC 40 index sank 0.2% to 5,212.92. The UK’s FTSE 100 index rose 0.2% to 7,054.75.

Investors focused on the Fed March meeting. The regulator is expected to raise the interest rate by 0.25 percentage points, to 1.5-1.75%.

Ryanair fell 0.9% on news that the low-coster agreed to buy majority stake in LaudaMotion for less than 50 million euros.

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