European stocks fell sharply Tuesday afternoon, led by declines in the tech sector, as investors monitored global recovery prospects and a fresh round of corporate earnings.
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The pan-European Stoxx 600 closed down by 1.5% provisionally. Tech shares tumbled 3.8% to lead the losses amid fears over high valuations and the reopening of economies after tough coronavirus restrictions that heavily benefited tech.
On Wall Street, U.S. stocks also fell as investors jockeyed to pick which shares to ride and which shares to dump with the market at all time highs.
Reference: CNBC
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