Europe: Shares slump as Apple warning hammers China-reliant sectors

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After falling up to 0.9 per cent during the session, the Stoxx 600 closed 0.4 per cent lower, retreating from Monday's record highs.

Shares of AMS AG, Dialog Semiconductor and STMicroelectronics NV, which supply components to Apple, fell over 1.2 per cent. Other chipmakers also dropped, taking Europe's technology index down 0.7 per cent. Renault shares slipped 6 per cent after a UBS price target cut. The company had announced cost cuts last week.

 

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