Doha: European stocks stabilized on Wednesday after sharp declines in the previous session resulting from worries about possible overvaluation in technology companies. The pan-European STOXX 600 index stood at 562.01 points, while the index had fallen 1.7 percent on Tuesday, marking its biggest one-day drop in more than three months, pressured by concerns that the global rise in technology stocks for most of the year has turned into a potential bubble involving overvaluation.

According to Qatar News Agency, the technology sector index fell 0.4 percent, and Schneider Electric, which specializes in AI equipment, edged lower. However, Siemens Energy rose 1.3 percent after the losses it recorded on Tuesday. Shares of the German company Fraport dropped three percent, extending the losses it posted on Tuesday.