Europe closes lower as technology shares drag STOXX 600 down

European markets closed lower on Friday as the global technology sell-off spread across the region and investors moved away from high-valuation growth stocks.

The pan-European STOXX 600 fell 0.7%, retreating from Thursday’s record close. Retail and technology shares were among the weakest sectors, while Zalando dropped after German regulator BaFin opened an investigation into its accounts.

Record high fades

Despite the decline, European markets still showed relative resilience compared with Asia and the US, supported by lower oil prices and broader sector diversification.

Newshub Editorial – Europe – 27 June 2026

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