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<Europe> European Stocks Open Lower; Tech, Airline and Mining Shares Weaken While Oil Stocks Rise
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European stocks fell in early trading after US President Donald Trump stated that more attacks would be carried out against Iran, dampening market hopes for a short-term ceasefire in the Middle East.

The pan-European STOXX 600 Index fell 5.52 points, or 0.9%, to 592.17. The UK FTSE 100 Index slipped 1 point to 10,362. France's CAC 40 Index dropped 63 points, or 0.8%, to 7,917. Germany's DAX Index declined 342 points, or 1.5%, to 22,956. Spain's IBEX 35 Index fell 185 points, or 1.1%, to 17,395. Italy's FTSE MIB Index lost 454 points, or 1%, to 45,260.

Technology shares were weaker, with chipmakers STMicroelectronics and Infineon, as well as lithography equipment maker ASML and chip equipment supplier ASM, each falling more than 4%. Airline stocks Lufthansa and Air France-KLM dropped 4% and 3.5%, respectively. Silver miner Fresnillo fell 5%, while copper producer Antofagasta and diversified miner Anglo American each declined more than 3%. Oil stocks bucked the trend, with BP and Repsol each rising more than 4%.

In US stock futures, DJIA futures fell 449 points, or 1%, to 46,357. S&P 500 futures declined 77 points, or 1.2%, to 6,540. Nasdaq 100 futures dropped 362 points, or 1.5%, to 23,832.

In the Asia-Pacific region, the Shanghai and Hong Kong markets each fell 0.7%. Shenzhen and Taiwan markets declined 1.6% and 1.8%, respectively. Japan and South Korea markets dropped 2.4% and 4.5%. Australia fell 1.1%, while New Zealand rose 0.6%. India and Singapore were last down 0.3% and 0.6%, respectively. (fc/u)


This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.
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