European stocks slide as heavyweight tech, healthcare drag
- 28 Aug 2020
European stocks slipped on Friday as investors dumped recent winners including technology and healthcare stocks and bid up banking shares after the U.S. Federal Reserve unveiled its new policy framework.
The pan-European STOXX 600 index fell 0.6% by 0723 GMT. Technology stocks, which have surged about 11% this year, were down 1.1%, and healthcare index slipped 0.8%.
Interest rate-sensitive banks, which have lagged the broader markets, were up 0.3%.
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Reuters
