European Equities Slides on Hawkish FED’s Message

European equities sank more than 1% on Thursday after Fed sent hawkish signal of quantitative tightening which crushed the technology stocks globally.

The STOXX 600 slipped by 1.94% as of Thailand time 15:50 hours.

Fed’s meeting minutes showed tight job markets and escalating inflation might lead the central bank to accelerate pace for hiking interest rate faster than expected.

Asian shares also tracked losses of technology shares in the Wall Street overnight.