EU tech sector hit by Apple's announcement while indices trade negative
- 2 weeks ago
Apple’s decision to cut its revenue forecast has taken a hit on the Eurozone’s markets, most notably the tech sector, Switzerland’s Ams AG shed 20% in a torrid second day of trading of the year.
Other stocks which suffered due to the announcements were Dialog Semiconductor Plc as they decreased by 7% and Infineon Technologies by 4%.
The bloc’s indices were overall down by 0.1% compared from yesterday’s action with Britain’s FTSE 100 retreated by 0.3%, Germany’s DAX and France’s CAC both falling behind by 0.8% and Italy’s FTSE MIB loosing 0.6%.
Source: Smart Trend Team