ASML Faces Challenges as Shares Drop

Dutch semiconductor giant ASML experienced a significant 7% drop in its shares early Wednesday morning. This downturn followed the release of its latest earnings report, which revealed weaker-than-expected net bookings.

Impact of US Trade Levies

The company has also expressed concerns over the uncertainty brought about by new US trade tariffs. These could potentially affect the demand for ASML's critical chipmaking machinery, adding to the company's challenges.

Market Reaction

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