The results of major technology companies pressure European stocks

European shares fell on Wednesday from their highest levels in a month, and technology stocks led the losses after disappointing results from major companies on Wall Street raised fears of slowing economic growth.

The pan-European Stoxx 600 index was down 0.2 percent by 0719 GMT. In the previous session, the index hit a one-month high, boosted by hopes that the US central bank might slow down the pace of interest rate hikes.

The biggest losses came in the technology sector, which fell 1.7 percent, after disappointing results from major technology companies on Wall Street, including Alphabet and Microsoft.

ASM International also fell 8.7 percent after the Dutch semiconductor company said it expected new US export restrictions to negatively and strongly affect its sales in China.