European stocks hit by ripple effects from Apple

miércoles 22 de julio de 2015 05:09 GYT

* FTSE 300 down 0.3 pct

* Technology shares hit by Apple disappointment

* EasyJet, Danske Bank gain

By Liisa Tuhkanen

LONDON, July 22 (Reuters) - European shares dropped in early trading on Wednesday, led lower by technology stocks after disappointing results from Apple, as the quarterly earnings season gathered pace in Europe and on Wall Street.

The FTSEurofirst 300 index of top European shares was down 0.3 percent at 1,591.53 points by 0837 GMT. It fell 1.1 percent in the previous session.

The STOXX Europe 600 Technology index shed 1.3 percent, with chip designer Arm Holdings among those falling the most. It fell 3.7 percent after the results from Apple, a major customer, despite posting a 32 percent rise in second-quarter profit.

Among mid-caps, German chipmaker Dialog Semiconductor tumbled 7 percent.

"Of course Apple is a really big company, and having disappointed a little bit on the sales side of things, does tend to reverberate around the world in technology stocks ... but we would consider that to be just normal volatility," said Wouter Sturkenboom, a senior investment strategist at Russell Investments.   Continuación...