European Chip Equipment Stocks Rise -- Market Talk

Dow Jones07-31

0835 GMT - European semiconductor-equipment stocks trade higher after Reuters reported new U.S. restrictions on exports to China will exclude some allies including the Netherlands. Shares in ASML Holding jump 6.5% and are among the top risers in the Stoxx Europe 600 index, while Dutch peers ASM International and BE Semiconductor Industries rise 4.5% and 3.2%, respectively. Other European companies in the chip-supply chain like VAT Group and Soitec rise 4.6% and 3.5%, respectively. Reuters reported, citing unnamed sources, that the U.S. plans to exclude allies including Japan, the Netherlands and South Korea from a new rule that will expand U.S. powers to stop exports of chip-making equipment from third countries to China. The Stoxx Europe 600 Technology index gains 2.9%. (adria.calatayud@wsj.com)

 

(END) Dow Jones Newswires

July 31, 2024 04:36 ET (08:36 GMT)

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