European shares plunge to 20-month lows as Wall Street rout sparks sell-off

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© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt

MILAN (Reuters) – European shares fell to their lowest level in more than 20 months on Thursday following a rout on Wall Street as jitters over rising U.S. Treasury yields sparked a broad selloff of risky assets.

All sectors in Europe were trading in the red, with tech stocks bearing the brunt of the selling pressure after the big U.S. technology stocks that have been the driving force behind a multi-year bull market posted heavy losses overnight.

Europe’s tech index () fell 2.4 percent, even though Ingenico (PA:) rallied 8.5 percent after Natixis (PA:) said it was examining a merger of its payments activities


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