Global Tech Sell-Off Deepens as European Markets Open Lower
Germany's DAX opened lower as concerns over US interest rate hikes continue to pressure chip and artificial intelligence stocks worldwide.
The global sell-off in technology stocks is deepening amid wobbling investor enthusiasm for artificial intelligence shares, network CNN reported.
The declines spread to European financial markets on Thursday morning. According to a report by German broadcaster Tagesschau, Germany's DAX opened trading on a weak note as the retreat across equity markets continued.
According to the reports, elevated US inflation continues to fuel fears of further interest rate hikes, keeping heavy pressure on chipmakers in international markets.
Sources: CNN, Tagesschau
Generated automatically by the Tevel desk and labelled as such.