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European stocks hold steady as defense sector rises, tech falls amid US-China tensions.
European stocks were mostly stable on Tuesday, with defense stocks rising while tech shares fell due to growing US-China tensions over semiconductors.
The technology index dropped 0.9%, influenced by concerns over new US restrictions on China.
However, the European aerospace and defense index gained 1% following reports that Germany's incoming Chancellor, Friedrich Merz, is planning increased defense spending.
German defense firms like Rheinmetall and Hensoldt saw significant gains, while semiconductor companies STMicroelectronics and ASML declined.
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Las existencias europeas se mantienen estables a medida que aumenta el sector de defensa, la tecnología cae en medio de las tensiones entre EE.UU. y China.