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Tech tremors spread to financials to spoil global rally

Reuters  |  LONDON 

By Helen ReidLONDON (Reuters) - Tremors in technology stocks spread to Europe on Wednesday, with weaker metals prices and flagging financials also tripping up a rally that had taken world equities 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 0.6 percent, dragged lower by chipmakers which have been a crucial driver of growth in the sector and seen stellar price gains this year.Ken Hsia, European ...

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First Published: Wed, December 06 2017. 17:30 IST