European Stocks Drop as Technology Shares Fall; Altice Up
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European stocks fell from a six-year high, posting their biggest decline in a month, as shares of technology companies tumbled.
Technology shares lost 2 percent, the most among 19 industry groups in the benchmark gauge, with United Internet AG falling 4.3 percent and ARM Holdings Plc dropping 2.4 percent. Osram Licht AG slid the most since it started trading after its spinoff from Siemens AG as Berenberg Bank lowered its rating. Altice SA jumped 11 percent, while Bouygues SA slumped the most since August 2012, after Vivendi SA agreed to sell its phone unit SFR to Altice in a deal valued at more than 17 billion euros ($23.3 billion).