Doha: European stock indexes closed lower at the end of trading on Tuesday: European stock indexes experienced a downturn as trading concluded, marking the lowest close in a month for several key indexes.

According to Qatar News Agency, the pan-European Stoxx 600 experienced a decline of 1.8 percent, closing at 561.62 points. This represented its worst day since August. Major regional markets also saw declines, with Germany’s DAX falling by 1.8 percent and France’s CAC 40 decreasing by 1.9 percent.

The downturn was exacerbated by a significant drop in shares of European manufacturers specializing in artificial intelligence equipment. Siemens Energy saw a reduction of 6.4 percent in its share value, while Schneider Electric’s shares decreased by 2.4 percent. Bank stocks also suffered, falling by 2.9 percent and contributing heavily to the Stoxx index’s decline. Automakers faced a similar fate, with a 4.4 percent drop for Stellantis and an overall 2.9 percent decline in the sector. Additionally, mining shares decreased by 2.6 percent, and technology stocks were down by 1.8 percent.

In a contrasting development, Roche shares rose by 6.8 percent. This positive movement followed the announcement that its experimental drug, ‘giredestrant,’ was shown to reduce the risk of recurrence of a common type of breast cancer after surgery.