The decline in the technology sector leads European stocks to a decline

Supply chains cause a loss of $6 billion in Apple's quarterly sales.

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European shares fell yesterday, affected by a decline in the technology sector, after the shares of companies that supply the American company Apple fell, following pessimistic expectations for the holiday period from the manufacturer of iPhone phones, while investors continued to worry about the prospects for monetary policy.

Shares of semiconductor companies: "ST. Micron Electronics", "Infineon Technologies" and "ASML" fell between 0.3% and 1%, due to concerns related to supply chains, which caused "Apple" to lose six Billions of dollars in quarterly sales.

The European technology companies index also fell 1%, while the mining companies' index fell 0.9% after the announcement of "Glencore" listed in Britain, production data.

In turn, the "European Stoxx 600 Index" fell 0.5% in light of global concern that increased due to disappointing earnings data from major technology companies in "Wall Street", and the persistence of inflation fears.

The share of "Daimler", the German car manufacturer, was among the gainers, as it increased by 1.4%, after achieving higher quarterly profits, despite the decline in Mercedes-Benz sales by 30% due to the chip crisis.

Shares of French aircraft engine maker Safran rose 2.7 percent after it raised its target for annual cash flows.