Stock markets in Europe and Asia took a tumble on Thursday as jitters over the future artificial intelligence-driven growth of major tech companies sparked a global sell-off.
The pan-European Stoxx 600 closed the day down 0.7%, having been hit by a near 4% decline in the Dutch chipmaker ASML, a 7% drop in Germany’s Infineon Technologies, and a 13.7% fall in Switzerland’s semiconductor company STMicroelectronics.