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European shares fall as global AI rout gathers pace
European shares opened lower on Friday, with losses across the board as a global market rout gathered steam, capping a painful week as investors grappled with uncertainty over AI stocks after Democrats took control of the US Congress. The pan-European STOXX 600 index dropped 1.6% to 644.72 points by 0810 GMT, with benchmarks in most major regional markets also lower by more than 1% each. Friday’s losses wiped out its gains for the week, and it is down about 0.2%. The STOXX 600 index was relatively less impacted this week than its Asian and Wall Street peers, given the European index’s smaller ...
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