Wednesday, July 18, 2007

European shares take a hit on subprime concerns

(Reuters) - European stock markets suffered sharp losses across-the-board on Wednesday, extending the previous session's falls, on subprime worries and ahead of Fed chief Ben Bernanke's semi-annual testimony to Congress.

Technology shares led a decline in Asia as Intel missed its profit margin target. Shares in Franco-Italian chipmaker STMicroelectronics and German rival Infineon both lost 1.3 percent.


Read more at Reuters Africa

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