European stocks sink

European stock markets slid on Friday, joining a fierce global sell-off as investors took flight on resurgent fears about the 'overvalued' technology sector, dealers said. In late morning deals, London's benchmark FTSE 100 index fell 1.18 percent to 6,563.68 points, Frankfurt's DAX 30 retreated 1.32 per cent to 9,330.09 points and in Paris the CAC 40 index lost 1.12 per cent to 4,363.84. European tech stocks were especially badly hit, with shares in German semiconductor giant Infineon diving 3.03 per cent to 8.13 euros in Frankfurt. British chipmaker ARM Holdings plunged 4.58 per cent to 958 pence in London. And Alcatel-Lucent, a leading global supplier of telecom equipment for the Internet, saw its stock slide 2.70 per cent to 2.74 euros in Paris, according to AFP.