Paris Bourse falls 0.51%, dragged by tech stocks and AI concerns

The Paris Stock Exchange concluded Tuesday with its general index, the CAC-40, down 0.51%. This decline followed a similar trend from the previous day, despite an initial upward movement at the session's start. The day's trading saw the semiconductor manufacturer STMicroelectronics experience a sharp 7.99% drop, largely influenced by sell-offs in other technology stocks.

The CAC-40 opened slightly above Monday's closing at 8,500 points. Within the first hour and a half, it reached its highest point of the day at 8,545.68 points. However, the index began to decline thereafter, losing momentum and entering negative territory by mid-afternoon. The downward trend intensified in the final two hours, closing at the day's low of 8,436.24 points.

In a session with moderate activity, total traded value reached 3.779 billion euros. Despite Tuesday's dip, the benchmark index still holds a 0.75% gain for the week and a 3.27% increase over the past month. Since the beginning of the year, the CAC-40 has appreciated by 3.9%.

Other significant decliners on the CAC-40 included electrical equipment manufacturer Schneider, which fell 3.72%, followed by aircraft and rocket engine group Safran (2.77%), bank Société Générale (2.67%), and aeronautical constructor Airbus (2.6%). Conversely, beverage group Pernod Ricard led the gains with a 5.48% increase. Other companies that saw gains were distribution group Carrefour (3.71%), cosmetics company L'Oréal (2.74%), dairy and bottled water group Danone (2.07%), and advertising agency Publicis (2.06%).