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EU tech sector hit by Apple's announcement while indices trade negative

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  • Economy
  • 2 months ago
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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