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  الكتائب اللبنانية
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الكتائب اللبنانية

2026-11-06T21:03:19.122Z

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  الكتائب اللبنانية

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AI fears prompt stock dip

AI fears prompt stock dip

European stocks fell 1% on Friday, with the Stoxx 600 closing at 648.33 points and Germany’s benchmark index dropping 1.9%, as a wave of selling was fueled by concerns over AI companies’ valuations and returns, as well as the possibility of restrictions on data-center spending. Insurance stocks led the losses, falling 2.6%, after JPMorgan downgraded German reinsurers. Hannover Re fell 4.3%, Munich Re 4.4%, and Swiss Re 4.6%. The declines spread to traditional sectors, while Teleperformance plunged 15.3% after cutting its revenue-growth forecast.

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