- European shares fell on Tuesday as U.S. antitrust action against Google and other major technology companies drove peers in the region lower, although a boost from automakers capped losses.
New York’s tech-heavy Nasdaq entered correction territory on Monday as Amazon and Alphabet’s Google were the first to face an antitrust probe from regulators, with sources saying Apple and Facebook may follow. Weak economic numbers worldwide have pointed to slowing growth and the risk of recession ahead as a trade war between the United States and China escalates.
Fund supermarket Hargreaves Lansdown, which includes the Woodford fund in six of its Multi-Manager investment packages, fell more than 5% in response, making it the top faller on London’s FTSE 100.