European chip and other AI-related stocks fell sharply, tracking overnight US
and Asian declines. As of 15:26 Beijing time the Stoxx Europe 600 Technology
Index was down 3.5%, hitting a more-than-three-week low and leading losses
across Stoxx 600 sectors. Heavyweights ASML, STMicroelectronics, BE
Semiconductor Industries (BESI), Infineon and ASM International dropped about
6.5%–9.8%. Wafer makers and equipment suppliers including Soitec, Aixtron,
Technoprobe and SUSS MicroTec fell roughly 9%–11%. Other AI-linked names such as
Nokia, Prysmian, Legrand, Schneider Electric and ABB declined about 4%–7%.
