Tech-fuelled drop across global equity markets hits Europe and Asia
Stock markets dropped in Europe and Asia following a slide on Wall Street, with technology shares sustaining a fresh blow from concerns that rising inflation will prompt central banks to tighten monetary policy. Europe’s Stoxx 600 index dropped 1.7 per cent in morning dealings, with markets in Germany and France down by a similar margin. London’s FTSE 100 fell by 2 per cent. The falls came after America’s technology-heavy Nasdaq Composite declined 2.6 per cent on Monday.