Europe shares drop as tech, autos slammedReutersEuropean shares fell on Friday, with the STOXX 600 index down for a fourth straight week as auto and technology stocks led declines amid the prospect of higher interest rates and concern over the situation in Russia and Ukraine. The pan-European index shed 1.02 percent to 465.55, paring some losses after falling as much as 2 percent earlier in the day. The index lost 1.87 percent this week, marking its worst performance in more than two months. Eurozone bond yields increased following the hawkish message that emerged from the US Federal Reserve policy meeting earlier this week. The top sectoral decliner, technology, fell 1.7 percent, tracking its worst month since 2008.

Source: Taipei Times January 29, 2022 20:29 UTC