European benchmark indices retreated on Tuesday as investors continued to rotate out of high-growth technology names amid growing concerns over US interest rates.
The Dax and EuroStoxx50 both declined by more than 1%, reflecting the broadening impact of the sell-off that has gripped global equity markets.
4% on Monday, marking the third consecutive day of steep declines.
The weakness follows a sharp session on Wall Street, where equities pulled back from near-record levels.
The tech-heavy Nasdaq faced particular pressure, driven by a severe correction in SpaceX shares.
Elon Musk’s aerospace and artificial intelligence company saw its stock tumble 16.4% on Monday, marking the third consecutive day of steep declines.
The drop pushed the valuation below its initial public offering price, signaling a significant shift in sentiment toward high-multiple growth assets.