India, June 23 -- Despite recovering from early lows, the French stock market's benchmark index CAC 40 remained in negative territory a little past noon, weighed down by a sharp decline in tech major STMicroelectronics and auto stock Renault.
Weak French manufacturing confidence data and continued contraction in manufacturing and services sector growth hurt as well.
The CAC 40 was down 51.78 points or 0.62% at 8,348.33 nearly half an hour past noon. The index had dropped to 8,304.57 earlier in the day.
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