MILAN (Reuters) - European shares fell on Friday led by a slump in tech stocks which tracked losses among global peers following an earning miss at online giant Amazon (O:AMZN), while a flurry of earning updates failed to provide support.
Europe's tech index (SX8P), the best performer so far this year, was down 1.5 percent, helping drag the pan-European STOXX 600 (STOXX) index down 0.8 percent by 0717 GMT. UK's FTSE (FTSE) declined 0.4 percent.
UBS (S:UBSG) fell 3.8 percent, making it the biggest drag to the STOXX. The Swiss bank kept a cautious outlook on the second half of 2017 after it reported an unexpected rise in second-quarter net profit.
Among top fallers were shares in French car maker Renault (PA:RENA) and Proximus (BR:PROX), which also reported results.
A bright spot was Adidas (DE:ADSGn), up 7.4 percent to a record high as the group raised its full-year outlook after improving margins helped the German sportswear maker to achieve an 18 percent jump in second-quarter operating profit.