European Stocks Slip as Tech Weighs Ahead of Fed Decision

European equities traded lower in choppy session on Wednesday, weighed down by technology stocks ahead of the US Federal Reserve's policy decision later in the day, upcoming earnings from major US tech companies, and ongoing tensions in the Middle East. The STOXX 50 fell 0.5%, while the broader STOXX 600 lost 0.3%.

Tech stocks led the declines, with ASM International dropping more than 5% despite an upbeat outlook.

Sentiment was also hurt after SK Hynix's record quarterly results failed to meet lofty expectations, raising concerns over AI spending.

Energy stocks outperformed as oil prices rebounded on renewed Middle East tensions.

Among individual movers, Kering surged 12% after Gucci's sales beat expectations, Sopra Steria jumped 13% on raised guidance, Glencore gained 3% after stronger copper output, while UBS and Deutsche Bank rose on solid earnings.

Aberdeen fell 5% after reporting larger-than-expected first-half fund outflows.