European and Asian stock markets slid on Wednesday as investors worried about a potential US economic slowdown and sold highly valued technology stocks following a sharp drop in chipmaker Nvidia’s share price.
The benchmark Stoxx Europe 600 index fell 0.9 per cent while the FTSE 100 lost 0.6 per cent. The falls came after US markets on Tuesday suffered their worst day since the sharp market sell-off at the start of August, driven by weak data on the state of the manufacturing sector.
Technology stocks led European declines, with Dutch chipmaking equipment group ASML falling 5.2 per cent.
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