German, Swiss chip stocks slide in early trade, tracking peers in Asia, US
SMH•German and Swiss chip stocks fell in early trade, with Infineon down 3.2%, Aixtron down 4.3%, Suss MicroTec and Elmos Semiconductor down around 5%, and ams OSRAM down 1.4%.
1. Chip stocks fall
German and Swiss chip stocks fell in early Frankfurt trade, tracking an overnight selloff in AI-related stocks in the US and Asian markets. Hot US inflation data increased expectations that the Federal Reserve could raise interest rates further.
