European Chip Stocks Start Week Lower After Asia Selloff
Dow Jones09-28 16:11
0810 GMT - Shares of European semiconductor companies are in the red following a selloff in Asian chip stocks. South Korea's SK Hynix closed nearly 5.1% lower, while Samsung Electronics shed 5.4%. In Europe, shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are down 1% and 1.4%, respectively. BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, is down 1.7%. German chip maker Infineon Technologies stock loses 1.3%. STMicroelectronics shares are down 0.1%. Meanwhile, the E-mini Nasdaq 100 futures contract edged 0.8% lower, pointing to a weak opening for tech stocks in the U.S.
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