A look at the day ahead in European and global markets from Rae Wee

Markets in Europe were set for a dour opening on Wednesday, after a slump on Wall Street pushed Asian shares into the red, with technology stocks leading the decline.

While there was no immediate trigger, analysts pointed to a confluence of factors, such as doubts over the lofty valuations of tech heavyweights and President Donald Trump’s growing influence over the sector.

U.S. Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel as well as other chip companies in exchange for grants under the CHIPS Act that was meant to spur factory-building around the country, sources told Reuters.

The move comes on the back of other unusual deals Washington has recently struck with U.S. comp

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