European Chip Stocks Fall After Asia Tech Selloff

Dow Jones
3 hours ago

0951 GMT - Shares of European semiconductor companies are in the red following a selloff in Asian chip stocks. South Korea's SK Hynix closed 2.8% lower, while Samsung Electronics shed 1.3%. In Europe, shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are down 1.7% and 4.4%, respectively. BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, is down 8.2% following a stock rating downgrade from UBS. German chip maker Infineon Technologies stock loses 5%. STMicroelectronics shares are down 3.1%. Meanwhile, the E-mini Nasdaq 100 futures contract is 0.4% lower, pointing to a weak opening for tech stocks in the U.S.

 

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