The pan-European Stoxx 600 was off by 0.9 percent with almost every sector in the red. Tech stocks were among the worst performers, down by 1.7 percent. Concerns regarding over-valuation in the sector were behind the drops that started on Wall Street overnight.
· Japan’s Nikkei closed at it lowest in nearly seven months on Thursday with chip-related stocks suffering after fter a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011.
The Nikkei share average ended 3.7 percent down at 21,268.73, its lowest close since March 29.