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.


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Asia shares stage rally; resources bring cheer

(Reuters) - With Wall Street closed for the U.S. Independence Day holiday, investors took their cue from European stock markets which surged on Wednesday.




The MSCI world equity index -- a gauge of broader stock market performance -- hit a lifetime peak, fuelled by flourishing mergers and acquisitions activity, and extended gains on Thursday.


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