LONDON, Aug 2 Reuters European technology stocks fell to their lowest level in over six months on Friday, amid a broad global equity selloff and as investors dumped semiconductor stocks following disappointing earnings from Intel.

The STOXX Europe 600 technology index was last down 3.6 to its lowest since January. The broader STOXX 600 index index was down 1.3.

Shares in chipmaker Intel slumped 20 premarket after the company suspended its dividend and said it would cut 15 of its workforce as it grapples with a pullback in spending on traditional data center semiconductors and a focus on AI chips.

That helped push European peers lower, with ASM International, BE Semiconductor and ASML all shedding between 6.6 and 9.2.

Amazon shares are also down around 8 in premarket trading after reporting slowing online sales growth.

Global equity markets tumbled around the globe, with the SP 500 ending Thursday39;s session down 1.4.

Tech stocks tumbled in Asia earlier in the day, contributing to a 5.8 fall in Japan39;s Nikkei, and a 3.65 drop in Korea39;s KOSPI benchmark.

Reporting by Samuel Indyk, editing by Alun John

Source Reuters