European Markets Plunge, Tech Stocks Hit
Update: 2025-11-21
Description
European stock markets, led by the STOXX six hundred, experienced their steepest weekly decline since March, dropping by one percent to 558.19 points, the lowest since early October. This downturn was primarily driven by global concerns over tech stock valuations and the U.S.s stringent monetary policies. Major regional indices, such as Germanys benchmark index and Frances CAC forty, also saw losses, reaching their lowest points since early May and early June respectively. Tech stocks, including AI sector leaders like Schneider Electric and Siemens Energy, fell by two percent and seven percent respectively. The recent rally, sparked by positive Nvidia forecasts, proved short-lived due to AI bubble concerns and a mixed U.S. jobs report, creating a cautious investor environment. The STOXX is poised for a nearly three percent weekly loss, its biggest since late March and early April, when global markets were significantly impacted by new U.S. tariffs.
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