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