The Stoxx 600 index closed Wednesday's session 0.7 per cent lower at 608.51 points, with luxury shares leading sector declines. PHOTO: REUTERSEUROPEAN shares fell on Wednesday, weighed down by a slide in luxury stocks, while caution prevailed ahead of a run of tech sector results and the US Federal Reserve’s interest rate decision. The pan-European Stoxx 600 index ended 0.7 per cent lower at 608.51 points, with luxury shares leading sector declines with a 3.8 per cent fall, their fourth consecutive day of losses. Gucci owner Kering lost 3 per cent, Moncler fell 2.9 per cent and Hermes dropped 3.7 per cent. Broader caution around the sector, however, left the shares closing down 1.9 per cent after an initial jump to a record high.