European shares opened lower on Wednesday as a rally sparked by China’s stimulus package lost steam, while falls in technology and oil stocks also added to the losses.

The pan-European STOXX 600 index was down 0.3% at 518.06, after gaining nearly 1% in the previous session.

SAP declined 3.5% after a report said the German software developer was under investigation in the United States for alleged price-fixing. The stock weighed the most on the benchmark and dragged the technology sub-index down by 0.8%.

Source: Qatar News Agency