Fears of rising interest rates and a global sell-off in technology stocks have also hit European stock markets. Dax and EuroStoxx50 each fell by more than one percent on Tuesday. Wall Street also opened weaker. Dow Jones, S&P500 and the Nasdaq were trading weaker at the start of trading. The Asian markets had previously been trending weaker. Investors fear that the US Federal Reserve under its new boss Kevin Warsh will soon raise interest rates. In addition, concerns are growing about companies’ high debt-financed investments in artificial intelligence (AI).
