17 Hrs
Source:
الاقتصادية
European stocks fall amid sector sell-off
The European Stoxx 600 index declined by 1.1% to close at 635.45 points, with losses driven by declines in the automotive and communications sectors. Volkswagen's shares dropped by 5.6%, and Porsche by 4.9%. Additionally, Airtel Africa's stock fell by 11.3% following an announcement of a potential reduction in its initial public offering in London. These losses resulted in significant declines amid concerns over the impact of conflicts in the Middle East on oil prices and market supplies, despite the market's assessment of Saudi oil reserves. As a result, energy stocks and other sectors experienced declines, with sector performance varying; healthcare was the best-performing sector this week.
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