FAMAGUSTA GAZETTE – European stock markets opened lower Thursday, following a sharp decline in Asian markets overnight.
Britain’s FTSE 100 index fell 0.5 percent, while Germany’s DAX dropped 0.95 percent. France’s CAC 40 was down 0.6 percent an hour after trading began, and Oslo’s benchmark index slid just over 1 percent.
The downturn followed losses across Asian exchanges. Hong Kong’s Hang Seng index fell 2 percent, Japan’s Nikkei declined 1 percent, and South Korea’s Kospi dropped 1.2 percent.
Technology stocks led the decline. Nvidia shares fell more than 6 percent on Wall Street after the U.S. government introduced stricter controls on the export of computer chips.
Investor uncertainty surrounding the Trump administration’s tariff policies has contributed to caution in global markets as traders wait for further developments.