European Stock Exchanges Closed Negatively, Technology Shares Led the Losses.

European Stock Markets Ended with a Decline

With the completion of today's trading, European stock markets generally exhibited a negative trend. The Stoxx Europe 600 benchmark index closed at 564.79 points, down 0.55 percent.

Decline Led by Technology Stocks

Stocks in Europe’s technology sector stood out with an average decline of 2.07 percent. This had investors adopting a cautious stance due to the increasing concerns over the high valuations of U.S. technology giants. Particularly sharp declines in the share values of major tech companies are unsettling investors and raising concerns about overvaluation in the markets.

Mixed Performance in Other Sectors

The automotive and parts index attracted attention with a 0.58 percent increase, while banking stocks experienced an average decline of 0.85 percent. Stocks of oil and gas companies also contributed to the downturn with a 0.07 percent decrease.

Stock Market Performances by Country

In France, the CAC 40 index retreated 0.18 percent to 7,950.18 points. The FTSE MIB 30 index in Italy dropped 0.35 percent to 42,912 points, while Germany's DAX 30 index fell 0.69 percent to 23,569.96 points. In the United Kingdom, the FTSE 100 index closed 0.55 percent lower at 9,682.57 points.

Euro/Dollar Exchange Rate Shows an Increase

The euro/dollar exchange rate increased by 0.23 percent to trade at around 1.157 levels as of 20:33 TSİ. This market fluctuation is increasing uncertainties about the future of the European economy.