European Shares End Fourth Week Lower With Tech, Autos Slammed

European Shares End Fourth Week Lower With Tech, Autos Slammed
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, on Jan. 25, 2022. Reuters/Staff
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European shares fell on Friday, with the STOXX 600 index down for the fourth straight week as auto and technology stocks led declines amid the prospect of higher interest rates and concern over the situation in Russia and Ukraine.

The pan-European index shed 1.0 percent, paring some losses after falling as much as 2 percent earlier in the day. The index lost 1.8 percent this week, marking its worst performance in over two months.