European chip stocks gripped by wider tech pullback

European semiconductor and chip stocks fall on Wednesday, getting swept up in the tech stocks selloff in the U.S. and Asia on fears over stretched valuations

STOXX Europe technology index .SX8P is down 0.9%, falling the most among other indices on the wider STOXX 600 .STOXX

"Halloween may be over, but markets are feeling spooked over AI stock valuations fears," Emma Wall, Chief Investment Strategist at Hargreaves Lansdown says

A drop in U.S. chipmaker AMD AMD.O shares also weighs

ASML ASML.AS, ASMI ASMI.AS, BESI.AS, Siltronic WAFGn.DE , X-Fab XFAB.PA slide between around 2% and 3%

Melexis MLXS.BR and Soitec SOIT.PA are both down around 1%