European markets fall after technology sell-off

European share markets fell sharply on Friday after heavy losses in US technology stocks, while a strong US jobs report supported the dollar.

European markets fell on Friday. The FTSE 100 fell 1% to 10,673.94.

Germany’s DAX fell about 2%. France’s CAC 40 fell 0.8%.

Asian markets also fell. Japan’s Nikkei 225 fell 6%.

South Korea’s Kospi fell more than 6.5%.

The Nasdaq Composite fell 5.5% on Thursday. This was its biggest fall in 19 months.

It recovered some losses on Friday morning. US employers added 165,000 jobs in October.

Unemployment fell to 4.1%. The jobs report helped the US dollar.

Analysts said data-centre building may slow. They also worried about AI investment.

Mohit Kumar works for Jefferies. He did not expect a quick recovery.

He said the fall did not show the end of AI investment trading.

Section: Science

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