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flag European stocks hold steady as defense sector rises, tech falls amid US-China tensions.

flag European stocks were mostly stable on Tuesday, with defense stocks rising while tech shares fell due to growing US-China tensions over semiconductors. flag The technology index dropped 0.9%, influenced by concerns over new US restrictions on China. flag However, the European aerospace and defense index gained 1% following reports that Germany's incoming Chancellor, Friedrich Merz, is planning increased defense spending. flag German defense firms like Rheinmetall and Hensoldt saw significant gains, while semiconductor companies STMicroelectronics and ASML declined.

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