The European technology sector tumbled in midday trade on Tuesday, as sentiment took a hit after several lead tech stocks, including Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN), took a beating on Wall Street overnight.
The pan-European Stoxx 600 tech index (SX8P) was down 2% by 6:40AM ET (1140GMT) to hit the lowest level since February 28, 2017.
Apple suppliers were among the worst-performers across the continent, amid lingering concerns about demand for new iPhone models.
ASM International NV (AS:ASMI) shares lost more than 2% in Amsterdam, STMicroelectronics NV (PA:STM) was off 1.5% in Paris, while Infineon Technologies AG (DE:IFXGn) dropped around 3% in Frankfurt.
Chipmakers and software names were also down sharply, amid growing investor angst over the sector.
ASML Holding NV (AS:ASML) sank 2.9%, while SAP SE (DE:SAPG) declined around 1%.
