ASML Shares Slide 4.4% After STOXX 600 Slides 1.5% on Energy Costs
ASML•ASML shares fell 4.4% this week after Europe’s STOXX 600 dropped 1.5% on rising energy costs tied to the U.S.-Iran standoff. Cooling AI trade momentum, a 1.55% drop in Nasdaq futures and a 3% oil-price surge after Trump-Xi talks that ignored export controls weighed on chip stocks.
1. STOXX 600 Declines and ASML Impact
Europe's STOXX 600 index slid 1.5% by week’s end as concerns over energy-induced inflation rose due to the U.S.-Iran standoff pushing costs higher. ASML shares underperformed, falling 4.4% after two days of gains were erased by sector-wide selling.
2. Cooling AI Trade Momentum and Chip Sector
AI-driven trade momentum cooled, with Nasdaq futures dropping 1.55% and oil prices surging 3% on renewed geopolitical risks. Semiconductor export controls went unaddressed in Trump-Xi discussions, adding pressure to chip stocks including ASML.
