European Chip Stocks Rally at Monday's Market Open

Deep News
Sep 21

At 08:12 GMT, semiconductor companies across Europe saw broad gains as trading kicked off the new week, extending the upward momentum from last Friday. Over the past several sessions, investor capital has been steadily flowing into artificial intelligence-related stocks.

In Asian markets, South Korea's SK Hynix closed up 0.6%, while Samsung Electronics advanced 5%. Turning to Europe, Dutch semiconductor equipment maker ASML Holding climbed 2.8%, with smaller peer ASM International rising 1.9%. BE Semiconductor Industries, a Dutch supplier of semiconductor packaging equipment, edged up 0.1%.

German chip manufacturer Infineon added 2.4%, and STMicroelectronics gained 2.3% during the session. Meanwhile, Nasdaq 100 mini futures ticked up 0.8%, pointing to a higher opening for US tech stocks later in the day.

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