European stocks pushed down by tech selloff, British government’s woes

Peace and Freedom

Published: June 12, 2017 5:48 a.m. ET

 
French President Emmanuel Macron’s upstart party won the first round of voting in parliamentary elections Sunday. Reuters photo

By CARLA MOZEE

MARKETS REPORTER

European stocks dropped Monday, fronted by losses in technology shares, while investors held back from buying U.K. stocks while the British government tried to sort out how it will move forward with a hung parliament.

The Stoxx Europe 600 SXXP, -1.00%  fell 1% to 386.44, with only the oil and gas sector showing a gain. Tech, consumer goods and industrial shares were losing the most.

Among key indexes, Germany’s DAX 30 DAX, -0.99% dropped 1% to 12,689.93, and France’s CAC 40 PX1, -1.17%  fell 1.1% to 5,240.57.

The Stoxx 600 Technology Index FX8, +0.25%  slid 3% after a selloff in the tech sector abruptly kicked off Friday on Wall Street and spilled over Monday into the Asian and European…

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