European stocks down with Spanish shares falling after ‎inconclusive elections

Spanish stocks led the losers among the European stock exchanges today, Monday, after the general elections in the country ended without a clear winner, which indicates a political deadlock and raises concern among investors.

According to “Reuters”, the Spanish stock index fell 1.1%, its lowest level in about a week, after the results of the elections that took place at the weekend did not give either the right or the left a comfortable path to form the government.

The pan-European Stoxx 600 index was down 0.2% by 0723 GMT.

The Bavarian Nordic company’s shares fell 23.1%.

Dutch health technology company Philips fell 5.8 percent after it expressed concerns about China’s efforts to achieve self-sufficiency in technology related to the health sector.

Swiss bank Julius Baer rose 6 percent after announcing an 18 percent growth in net profits in the first half of 2023.