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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

Stock markets tumble amid jitters over tech companies’ growth

Back view of desperate businessman looking at the stock exchange monitors
The rout began in the US overnight, where the Nasdaq fell 3.6% on Wednesday. Photograph: Minerva Studio/Alamy

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.

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