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Sept 25 (Reuters) - European shares fell broadly on
Wednesday, with technology stocks leading losses, while an
impeachment inquiry into U.S. President Donald Trump raised
concerns of political uncertainty in the world's largest
economy.
The European technology sector .SX8P slid 1.2%, the most
among the major sub-sectors, while the pan-European STOXX 600
index .STOXX fell 0.6%.
The move by Democrats in the U.S. House of Representatives
only piled on worries of a global economic downturn and the
impact of a prolonged trade war between the United States and
China. Adding pressure on stocks was a harsher tone by Trump on
U.S.-China trade talks, with export-reliant Germany .GDAXI
falling 0.5%. Trump said he would not accept a "bad deal" in
negotiations with Beijing at the United Nations General Assembly
on Tuesday. Germany's Pfeiffer Vacuum PV.DE plunged 13.6%, after it
warned of delays to orders, cut its full0-year sales and EBIT
margin forecasts.
In a bright spot, British supermarket group Sainsbury's
SBRY.L gained 1% following news of a new plan to cut costs,
speed up debt reduction and shake up its store estate and
financial services division.