European stocks declined sharply in the afternoon for a negative close on Tuesday amid higher sovereign bond yields and fresh pressure from the volatile tech sector.
The Euro STOXX 50 dropped 1.1% to 6,329 and the STOXX Europe 600 lost 0.5% to 647.
ASML sank 7.3% and Infineon plunged 8.3%, tracking AI hardware producers across the globe as the surge in Samsung's quarterly profit estimates prompted investors to reassess the lofty valuations underpinning the AI-driven rally.
Companies with exposure to datacenter power also sank, with Siemens and Schneider falling around 4% each, while Siemens Energy sank 9%.
The other sectors in European exchanges were mostly higher, with luxury brands and consumer staples rebounding from their pullback yesterday.
L'Oreal added 2.7% while both LVMH and Hermes gained around 1%.