Economic news

European shares on track for 2nd session of losses

European shares fell on Wednesday, following decline in other global stock markets and as tech stocks falling under renewed pressure.

The Stoxx Europe 600 slumped 0.6% to 384.41.

German DAX 30 index dropped 1% to 12,924.19, and France’s CAC 40 lost 0.5% to 5,349.69.

The U.K.’s FTSE 100 slid 0.2% to 7,315.88.

Tech stocks declined as concerns that a chip market boom could soon come to an end has worsened investors mood.

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