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On Wednesday, European tech equities headed south because the region revived from a two-day trading holiday and market participants reacted digested reports that demand for Apple's iPhone X might be weaker than anticipated.
The pan-European STOXX 600 went down by 0.1%, reversing earlier profits because a downturn in the high-performing tech sector managed to outweigh firm mining as well as oil stocks.
As for euro zone blue chips, they also went down 0.1%, with the index moderately down on the month and also set for its second straight month of dips.
Meanwhile, tech stocks SX8P inched down 1%, which is the worst-performing sector because the market reacted to a downturn in Asian iPhone suppliers right after brokers cut their estimates for iPhone X shipments, telling that sales of the fresh model might undershoot hopes.
Chipmakers Infineon as well as STMicro dived respectively 1.5% and 2.3%.
On Wednesday, American stock equities were braced for a lower start, with market participants weighing the influence of the Turkish currency downtime and the worsening tariff clashes between America and its key trading partners…
On Tuesday, European equities rebounded after two days of extensive selling because market participants’ worries over the Turkish currency downtime relieved a bit due to reassurances from the Turkish government and major bank…
On Tuesday, equities of the Asia-Pacific region showed quite different directions because worries as for Turkey slightly receded after the country's major financial institution took measures to boost liquidity in the foreign exchange market…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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