India, June 24 -- The French stock market, as tracked by the CAC 40, is currently trading down by roughly -0.71%, hovering near the 8,340 mark following a broader global tech sell-off. European equities are broadly lower as investors reassess artificial intelligence (AI) valuations and inflation risks.

The CAC 40 fell 0.7% to 8,341, extending losses for a third session as markets priced in more rate hikes from the US Fed (50 bps) and ECB (25 bps) amid ongoing inflation concerns. Tech stocks led declines, with STMicroelectronics plunging 8.1% on AI valuation worries, while financials and most luxury names also weakened. Industrials were mixed, with Schneider Electric down and Airbus gaining.

Euronext Paris Stock Exchange

On June 24, 202...