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Global Markets: Tech tremors, metals spoil global rally

Reuters  |  LONDON 

By Helen ReidLONDON (Reuters) - Tremors in tech stocks spread to Europe on Wednesday, with weaker metals prices also tripping up a rally in world stocks which had taken them to record highs.Investors concerned about high valuations took the top off the tech sector, where stocks such as Facebook, Alphabet, Tencent and Alibaba have reached prices some describe as "eye-watering".Europe's main index of stocks tumbled 0.7 percent, led by chipmakers which have been a crucial driver of growth in the sector and seen stellar share price gains this year.Ken Hsia, European equities portfolio manager at ...

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First Published: Wed, December 06 2017. 15:16 IST