Europe markets mostly lower amid sharp sell-off in chip stocks

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Summary · why it matters

European markets were mostly lower on Friday as a global sell-off in semiconductor stocks intensified. The pan-European Stoxx 600 edged 0.35% lower to €641.5, with tech stocks leading declines. ASML, Infineon, and STMicroelectronics were among the biggest losers, while utilities and consumer staples gained. Burberry fell after disappointing results, while Saab rose on record orders. The euro traded little changed around $1.145.

Impact on assets 7

Semiconductors▲ · 1 stocks
Consumer Discretionary▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
Materials▲ · 1 stocks
Information Technology▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
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