Le European stock exchanges close at the lows of the day a session marked by sales on technology stocks and worsened after the weak start of Wall StreetThe correction, which has already begun in Asian markets, is rekindling investors' doubts about the sustainability of valuations reached after months of rallying, especially in the artificial intelligence sector.
The reaction to the tech sector also weighed on the tech sector. SamsungThe South Korean group announced a 19-fold increase in operating profit in the second quarter, but its stock fell nearly 7% in Seoul, with the market concerned about demand and spending in the sector. Concerns about the chip industry were also heightened by rumors that China's DeepSeek is developing its own artificial intelligence processor.
A Business Square the Ftse Mib, after having touched a new intraday record in the morning at 53.200 points, closed down 0,95% at 52.455 points, penalised above all by stm (-8,05%) And Prysmian (-6,6%). Frankfurt was the worst among the main European markets (-1,27%), followed by Milan e Paris (-0,32%), while London it closed up 0,13%.
Investors also followed the NATO summit in Ankara, with attention focused on the outlook for the defense sector. In Milan, Leonardo lost 1,8%, while Fincantieri closed at the top of the list with a 2,96% gain, buoyed by expectations for its underwater activities.
Wall Street is seeing a sell-off after a mixed start, with the S&P 500 and Nasdaq weighed down by the decline in semiconductor stocks. Among commodities, oil is rising due to tensions in the Strait of Hormuz, while gas is rising on the TTF.
