Global Market | European shares slip on Fed hike bets, tech drag

European shares slipped with the pan-European STOXX 600 falling 0.89% to 633.61 points, led by declines in tech and basic resources sectors, as traders priced in further US Fed rate hikes of about 50 basis points by year-end. Asian equities also fell sharply, with South Korea's Kospi plunging nearly 10% on tech-led weakness and tighter US monetary policy expectations. Chipmakers like Infineon slid 3.8% while Signify plunged 15.6% after a weak strategic update, though Heineken rose 1.6% on a new CEO appointment.