0853 GMT - European stocks in the semiconductor supply chain trade lower after U.S. memory-chip maker Micron issued a cautious outlook for the current quarter and the Federal Reserve signaled a plan to slow interest-rate cuts. Dutch semiconductor-equipment maker ASML falls 2.8%, while smaller peers BE Semiconductor Industries and ASM International both trade down 2.2%. Chipmakers STMicroelectronics and Infineon Technologies fall 3.6% and 2.7%, respectively. Other companies in the semiconductor supply chain like Comet Holding and Soitec fall more than 5%, with Aixtron and VAT Group dropping more than 3%. The Stoxx Europe 600 Technology index is down 1.9%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
December 19, 2024 03:53 ET (08:53 GMT)
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