Reported about 10 hours ago
Shares of ASML and other European semiconductor equipment manufacturers surged after reports suggested that upcoming US restrictions on China's chip industry might not be as harsh as anticipated. ASML's stock increased by 4.3%, while rival companies also saw notable gains. The optimism stems from the news that major Chinese chipmaker ChangXin Memory Technologies may not be subjected to the restrictions, pending confirmation from the US Commerce Department.
Source: YAHOO