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Evening Standard

Jeremy Cutler

European stocks sink amid fears over tech sector overvaluation

Nvidia ICG Euro Amundi Kroger London Home Depot HSBC Ocado United Kingdom

Jensen Huang’s Nvidia will reveal its earnings on Wednesday (Carl Court/PA) - (PA Wire)

Stocks slumped on Tuesday as the risk-off mood intensified amid tech valuation worries and interest rate uncertainty.

“Investors around the world are transfixed by US tech, amid concerns that the sector could be grossly overvalued should future returns on investment fail to match current expectations,” noted David Morrison, senior market analyst at Trade Nation.

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