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European stocks fall as tech shares lose ground

Broadcast United News Desk
European stocks fall as tech shares lose ground

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European stocks opened lower today for the third consecutive day, weighed down by a fall in the tech sector index.
The pan-European Stoxx 600 index fell 0.3%, with the technology sector sub-index falling 1.9%.
Dutch semiconductor company ASML fell 5.3% as supplies of chipmaking equipment fell short of third-quarter sales expectations, while traders assessed the likelihood of strict U.S. trade rules.
Other semiconductor companies also fell, including ASM International and BA Semiconductor, which both fell more than 2 percent.
Meanwhile, German sportswear maker Adidas rose 4.5% after it raised its full-year profit forecast after reporting better-than-expected second-quarter results, while rival Puma gained 2.5%.

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