European Stocks Open Lower Amid Tech Sector Decline

Brussels: European stocks opened lower for the third consecutive session on Wednesday, driven by a decline in the technology sector. The Stoxx 600 index dropped 0.3 percent, with the tech sub-index falling 1.9 percent. Dutch semiconductor company ASML saw a significant decrease, with shares falling 5.3 percent after its supply of chip-making equipment missed third-quarter sales forecasts. Additionally, investors are weighing the potential impact of stricter US trade regulations. Other semiconductor stocks also experienced losses, including ASM International and BE Semiconductor, both of which saw their shares decline by more than 2 percent. Conversely, Adidas shares jumped 4.5 percent after the German sportswear manufacturer raised its full-year profit forecast following better-than-expected second-quarter results. Similarly, Puma, a competitor of Adidas, saw its shares rise by 2.5 percent. Source: Qatar News Agency