European stocks close lower as AI shares slide and Middle East tensions weigh

infomoney.com.br (Portuguese) —

European stock markets mostly closed lower on Tuesday, October 20, as investors remained cautious about the artificial intelligence investment thesis, weighing on technology shares, and monitored geopolitical developments in the Middle East. London's FTSE 100 fell 0.29%, Frankfurt's DAX dropped 0.05%, and Paris's CAC 40 lost 0.38%. AI infrastructure-related stocks faced pressure globally, with Dutch semiconductor equipment makers ASML Holding and ASM International falling 2.5% and 2%, respectively. Oil prices turned lower after a reported Pakistan-proposed ceasefire plan for the Iran-Israel conflict, while French political tensions continued following new curfew announcements by Prime Minister Sébastien Lecornu.


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