European equity markets lost their morning momentum on Wednesday, erasing early gains that had pushed indices toward new highs.
The reversal coincided with a sharp sell-off in US technology shares ahead of the opening bell, casting a shadow over the broader risk appetite that had characterized the start of the week.
In US premarket trading, SpaceX shares fell approximately 10%, while AMD dropped 8%.
In US premarket trading, SpaceX shares fell approximately 10%, while AMD dropped 8%.
Both stocks are correcting after posting significant gains in the previous session.
The weakness in these high-profile technology names helped dampen sentiment across European trading floors, where investors appeared cautious about extending the rally seen at the open.
The broader market backdrop remains mixed.