Investors are still worried about US technology stocks, with ETFs linked to this segment experiencing outflows of more than €1bn on Monday.

Data from ETF research platform TrackInsight shows total AUM in tech stocks has fallen to €74bn, despite a positive performance from the sector the past few days. That AUM is collapsing while performance is improving suggests investors expect this uptick to be short-lived.

Monday's outflows came on the heels of even greater outflows last week, where the segment saw redemptions of nearly €1.8bn on Monday 12th.