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The Economic Times

Business

Global Market: European shares rise as lower oil prices lift sentiment; tech stocks slide

Oil Stock Market ChangXin Memory Technologies Economy Memory Semiconductor CXMT Germany

European shares rose on Tuesday, supported by falling oil prices, although technology stocks came under pressure amid concerns over intensifying competition from Chinese chipmakers, Reuters reported.

The pan-European STOXX 600 climbed 0.44% to 638.44 points by 0714 GMT, while London's FTSE 100 advanced around 1%, outperforming other major regional indexes.

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