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european market

European Market Rebounded After the US Tech Stocks Sell-Off

On Wednesday, shares in the European market bounced after the rate-induced sell-off of US tech stocks yesterday.

Accordingly, the pan-European STOXX 600 index advanced 0.88% or 3.99 points to $456.34 per share. 

Its best performers include the semiconductor manufacturer ASM International which hiked to 6.21% or 23.44 points to $400.89 per share. 

Similarly, the European STOXX 50 soared 1.03% or 41.81 points to $4,100.63 per share. 

Moreover, aerospace companies performed best in the European market.

In particular, Safran climbed 2.85% or 3.12 points to $131.57 per share.

Likewise, Airbus rose 2.79% or 3.69 points to $135.86 per share. 

On the Frankfurt Stock Exchange, the MDAX Performance index inched up 0.76% or 263.02 points to $34,765.33 per share.

Also, the DAX index widened by 1.00% or 152.42 points to $15,400.98 per share. 

Then, Covestro, a world-leading supplier of high-tech polymer materials, moved higher 3.04% or 2.05 points to $69.47 per share. 

On the London Stock Exchange, the FTSE All-Share index enhanced 0.88% or 35.70 points to $4,071.11 per share. 

Similarly, the FTSE 100 index boosted 0.93% or 65.53 points to $7,093.63 per share. 

On the Paris Stock Exchange, the CAC 40 index hiked 1.19% or 77.48 points to $6,583.98 per share. 

Meanwhile, the tech-heavy Nasdaq Composite index plunged 2.83% or 423.29 points to $14,546.68 per share. 

In line with this, Microsoft Corp. sharply plummeted 3.62% or 10.65 points to $283.52 per share. 

Additionally, Apple Inc. declined 2.38% or 3.46 points to $141.91 per share. 


World Shares Drop as the European Market Bounces


Furthermore, world shares mostly dropped as the European market bounced. 

The Dow Jones Industrial Average index edged down to 1.63% or 569.38 points to $34,299.99 per share on Wall Street. 

Likewise, the S&P 500 index lost 2.04% or 90.48 points to $4,352.63 per share. 

Consequently, shares in the Asia-Pacific region sank as the European market improved.

Japan’s Nikkei 225 index slumped 2.12% or 639.67 points to $29,544.29 per share. 

Following the plunge, the broader benchmark TOPIX tumbled 2.09% or 43.48 points to $2,038.29 per share. 

In China, the Shanghai Composite index weakened 1.83% or 65.92 points to $3,536.29 per share. 

Subsequently, the Shenzhen Component index plummeted 1.64% or 234.80 points to $14,079.02 per share. 

Elsewhere, Australia’s S&P/ASX 200 index diminished 1.08% or 78.90 points to $7,196.70 per share. 

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