London: European shares finished lower on Tuesday, unravelled by weakness in technology stocks in the wake of an overnight plunge by US chipmaker Intel and fresh losses on the US Nasdaq exchange. In London, shares in railway network company Railtrack were beaten down on news of a train derailment North of the capital which killed at least six people and leaving many more injured.The Dow Jones Euro STOXX 50 index retreated 1.06 per cent to 4,736.79. The London FTSE-100 index closed down 82.5 points, or 1.31 per cent, at 6.203.2 points. The Paris CAC 40 shed 0.34 per cent at 6,067.15 points.
In Frankfurt trading, the DAX closed at 6,533.54 points, down 93.71 points or 1.41 per cent. In London, Railtrack dropped sharply in the afternoon on news of the fatal derailment of a high-speed train, and the shares lost 91 pence at 1,025.
Technology stocks were a market feature, suffering in the wake of Monday's dismal performance by US semiconductor shares following an 11-per cent slide in Intel's share price after Schroder Salomon Smith Barney downgraded the stock, highlighting the prospect of a slowdown in demand.
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