European Stocks Extend Losses
2026-10-20 07:31
By
Joana Taborda
1 min. read
European stocks fell on Tuesday, with the STOXX 50 declining 0.7% to trade at low levels not seen in about four months and the STOXX 600 losing 0.4%, extending the previous session’s losses of nearly 1%.
Sentiment remained subdued amid renewed pressure on AI-related stocks and concerns over elevated valuations in the sector.
Rising oil prices and continued concerns over political unrest and instability in France also weighed on European markets.
Among individual stocks, ASML Holding dropped 2.8%, while Siemens fell 3.0%.
Schneider Electric declined 3.6%, Safran lost 1.3%, and Siemens Energy slipped 2.5%.
ABB tumbled 4.5% despite reporting third-quarter results broadly in line with market expectations.
On the other hand, Novartis (0.6%), SAP (0.9%), Sanofi (1.6%) booked gains.