ASML Faces Market Turbulence

Dutch semiconductor giant ASML witnessed a sharp 7% drop in its shares early Wednesday, following the release of its latest earnings report. The disclosure revealed net bookings falling short of expectations, casting a shadow over the company's financial health.

Trade Levies Add to Uncertainty

Compounding the issue, ASML highlighted the potential impact of new US trade tariffs on the demand for its critical chipmaking equipment. This announcement has stirred concerns among investors about the future profitability of the tech behemoth.

Market Reaction

By 9:25 am CET, ASML's shares had plummeted by 6.72%, trading at €565.50. This downturn marks a 17% decline in the company's stock value since the beginning of the year, signaling a challenging period ahead for ASML.