Bernstein Maintains ASML Holding(ASML.US) With Buy Rating, Cuts Target Price to $767
European stock markets rise, chip stocks boosted.
European stocks rose as the USA's restrictions on chip equipment sales may be less stringent than previously expected, boosting semiconductor stocks. The Stoxx 600 index closed up 0.5% in the London market, having risen 0.8% earlier. Semiconductor-related stocks, such as asml holding, VAT Group AG, and Aixtron SE, also increased. The spot market is closed for Thanksgiving. Wolf von Rotberg, a stock strategist at Bank J. Safra Sarasin, stated that the USA's restrictions on equipment sales "are not as severe as previously reported," providing support to European semiconductor equipment suppliers.
European Stocks Close Higher, Dollar Gains, Bitcoin Eases To $95,000: What's Driving Markets Thursday?
There are hopes that the USA will relax chip controls, leading to a rise in chip equipment stocks such as asml holding.
According to sources, the restrictions imposed by the usa on the chinese semiconductors industry may not be as severe as expected, leading to a rise in stock prices for asml holding and its peers in the european computer chip equipment industry.
Chip Stocks Spark Rally in Europe Following Mixed Trading in Asian Markets
U.S. stock market closes | All three major indexes fall, Dell plummets over 12% after earnings; Chinese concept stocks warm up, Jinlong Index rises by nearly 3%; bitcoin rebounds sharply, microstrategy rises by nearly 10%.
The Dow ended a five-day rally, falling from record highs along with the S&P; small cap stocks struggled to rebound. Dell and hp inc plummeted over 10% after earnings reports. Chinese concept stocks rebounded by nearly 3%, while Ideal autos surged almost 7%.