Monday saw a small increase in European markets, led by tech companies, following a rocky start to the year for stocks.
At 11 a.m. UK time, the regional Stoxx 600 index was up 0.15%, reversing earlier gains from technology and autos, which were up 2.3% and 1.4%, respectively.
The biggest performances were Dutch chip companies, with BE Semiconductor Industries up 2.3%, ASM International up 4.3%, and ASML up 4.2%.
Shares of Taiwan Semiconductor Manufacturing Co., a closely watched chipmaker, witnessed a good performance in Asia trade as well, closing at an all-time high after climbing 4.65%.
The increases follow the release of record fourth-quarter sales by Taiwanese electronics firm Foxconn, whose clients include Apple and Nvidia. This news sent shares of the company about 2% higher on Monday.
Source (CNBC)
