• European stocks close lower amid tech slump; Royal Mail up 25%

    9 Sep 2020 | SET News

European stocks close lower amid tech slump; Royal Mail up 25%


European markets pulled back further Tuesday as steep declines in the dominant U.S. tech sector continued to weigh on investor sentiment.

The pan-European Stoxx 600 provisionally closed over 1% lower, with the tech sector falling another 2% as almost all sectors and major bourses fell into negative territory.

In terms of individual share price action, Royal Mail surged over 25% to lead the Stoxx 600 after the British postal company raised its revenue target.


Reference: CNBC


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