LONDON (MarketWatch) - European markets dropped sharply in mid-morning trade Wednesday, following the late-session slide on Wall Street, poorly-received results at chip giant Intel Corp. and a decline in Japan and Hong Kong stocks.-cut-
Further read-across from the U.S. came in energy stocks like Royal Dutch Shell (RDS.A59.57, -2.21, -3.6%), which lost 2% following the $1.4 billion sale of Exxon Mobil shares in a block trade on Tuesday, and from the food and beverage sector, which has faced growing concerns over inflation of late.
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