European markets plunged Monday as surging coronavirus cases throughout the continent weighed on sentiment, while SAP led a sharp decline for tech stocks.
The pan-European Stoxx 600 closed down by 1.8% provisionally, with the technology sector plunging 7.4% after Germany’s SAP abandoned its medium-term profitability targets and warned that its business would take longer than expected to recover from the damage of the coronavirus pandemic. The company’s stock plunged nearly 22%.
Subtitle
Related Posts
Some description text for this item