London: European stock indices closed lower at the close of Wednesday's trading. The pan-European Stoxx 600 index closed slightly lower, with retail stocks weighing heavily on the market, falling 0.8 percent.
According to Qatar News Agency, London-based JD Sports shares plunged 10.6 percent to the bottom of the Stoxx 600 index after reporting a 2 percent drop in core sales for the first quarter. Shares in LVMH, Hermes, and Kering, among others, fell more than 2 percent after luxury goods group Chanel reported a 4.3 percent drop in annual sales.
On the other hand, technology stocks were the biggest winners. Shares of German chipmaker Infineon rose 2.3 percent after it announced it would work with Nvidia to develop chips for new power delivery systems within artificial intelligence data centers, giving the sector a boost.
However, the Stoxx 600 recovered from its April slump, trading less than 3 percent below its all-time high.