European tech and telecom stocks are underperforming as continental equities sell off on Italian...

|By:, SA News Editor

European tech and telecom stocks are underperforming as continental equities sell off on Italian concerns. STM -3.9%. ALU -2.3%. NXPI -1.4%. FTE -4.3%. TEF -2.1%. TI -4.3%. VOD -1.7%. One exception is Nokia (NOK +0.3%), which is benefiting from an upgrade to Buy from Swedbank.