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European Stocks Decline Weighed Down By Tech Sector

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Brussels, February 11 (QNA) - European stocks recorded a decline on Wednesday, dragged down by technology stocks, as concerns persisted about the impact of the latest artificial intelligence models on traditional businesses.

The pan-European STOXX 600 index fell 0.2 percent to 619.66 points, with France's CAC 40 leading the decline among regional indices, falling 0.3 percent.

After trading resumed, shares of Dassault Systemes plunged nearly 20 percent following its earnings announcement, as AI-disruption worries swept across global markets.

The broader technology sector slipped 2 percent, making it the worst-performing sector this week, while insurance stocks also saw a similar decline.

In contrast, shares of hardware manufacturer Siemens Energy rose 5.2 percent, while London Stock Exchange Group gained 2.7 percent, and Heineken climbed 4.4 percent. (QNA)

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