European shares slip but ARM leads tech stocks higher

lunes 18 de julio de 2016 10:14 GYT

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* ARM rises over 40 percent after Softbank bid

* Sector peers Dialog, AMS also among top gainers

* But Turkey unrest weighs on BBVA and TUI

By Sudip Kar-Gupta

LONDON, July 18 (Reuters) - European shares slipped on Monday, as concerns over unrest in Turkey weighed on some travel and financial stocks exposed to the country, although tech stocks rose after a bid for Britain's ARM.

The pan-European STOXX 600 index was down 0.1 percent going into the close of the trading session.

Tour operators Thomas Cook and TUI both fell more than 2 percent, as analysts saw an attempted coup in Turkey as hitting tourism companies for whom Turkey is a key holiday destination.

The unrest in Turkey also weighed on Spanish bank BBVA , whose shares fell due to BBVA's exposure to the country via its stake in Turkish bank Garanti.   Continuación...