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LONDON — European stocks closed lower Tuesday, failing to recover even as U.S. sentiment brightened after a tech-driven sell-off.
The pan-European Stoxx 600 index provisionally finished 0.3% lower, with sectors and major bourses diverging.
Industrial stocks sank 1.7%, while health care rose 0.8%. The euro also weakened as the specter of political risk hangs over the region, falling 0.23% against the U.S. dollar.
Shares of Novo Nordisk rose 4% after the company said that its Wegovy weight loss treatment had been approved in China for long-term weight management. Shares of Zealand Pharma, which is developing its own contender weight loss drug, also rose 8.8%.
Airbus shares, meanwhile, fell 9.4% on Tuesday after the company said it was cutting its targets for 2024, including aircraft deliveries and earnings.