1050 GMT - A broad market rout of software stocks continues in Europe, though shares fall less sharply. Shares plunged Tuesday in an "indiscriminate selloff" on fears of competition from artificial-intelligence startups, UBS analysts note. A basket of software stocks represented by the Stoxx Europe Software & Computer Services index falls 2%. In London, the London Stock Exchange Group falls 1.6% while software company Sage drops 1.4%. The pair fell 13% and 9.8%, respectively, Tuesday. Spanish IT and defense company Indra Sistemas drops 3%, compounding an 8.45% fall Tuesday. In Germany, Siemens--which has significant software operations--and SAP fall 4% and 2.6%, respectively. Legal tech provider RELX, which was at the vanguard of Tuesday's selloff as it dropped 16%, trades flat. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
February 04, 2026 05:50 ET (10:50 GMT)
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