Doha: European stocks closed lower: European stocks closed lower Friday, pressured by continued declines in technology shares.
According to Qatar News Agency, the pan-European Stoxx 600 index fell by 1.01 percent at the close, impacted by a sell-off across various major sectors. The decline in technology stocks played a significant role in the overall market downturn.
Germany's DAX index closed down 0.64 percent, extending its losses amid an uncertain economic outlook. Investors remain cautious as concerns about economic stability continue to affect market sentiment.
France's CAC 40 index also suffered losses of 0.76 percent. The French market faced similar pressures, with technology shares contributing heavily to the decline.
The FTSE 100 index closed with the largest decline among its European peers, falling 1.11 percent. The UK's leading index also bore the brunt of the technology sector's struggles, leading to its substantial drop compared to other European markets.