European stock markets decline amid tech sell-off

On November 6, 2026, European stock markets experienced a sharp decline of over 1%, driven by a massive sell-off in technology stocks that originated in Wall Street and Asian markets. The pan-European Stoxx 600 index fell by 1.41% to 645.42 points. Major indices followed this downward trend, with Germany's DAX dropping 1.47% to 25,942.82, France's CAC 40 decreasing by 1.30% to 8,098.51, and the UK's FTSE 100 falling by 1.55% to 10,615.88. Regional markets also faced pressure, as the Italian FTSE MIB and Spanish IBEX 35 reported losses of 1.21% and 0.60% respectively.

Market volatility is attributed to a reduction in risk exposure following the Nasdaq's entry into a correction phase. Analysts suggest that the market reaction is linked to concerns surrounding the recent U.S. midterm elections. Specifically, investors fear that a Democratic victory may lead to policies that curb the growth of the artificial intelligence sector. There are growing concerns that reduced spending on AI could adversely impact global economic growth, which has relied heavily on significant investments from major technology corporations.