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ASML Slumps on Growth Warning, Weighing Down European Stocks Amid Tariff Concerns
TMTPOST -- European stocks edged lower on Wednesday, dragged down by a sharp decline in ASML shares after the chip equipment maker issued a downbeat growth outlook, while investors remained on edge over the potential inflationary impact of new tariffs following stronger-than-expected U.S. inflation data. The pan-European STOXX 600 index slipped 0.3% to 543.38 as of 07:12 GMT. Shares of ASML dropped 6.7% after the Dutch semiconductor equipment giant warned it may not see growth in 2026, despite reporting better-than-expected second-quarter bookings. The company’s cautious outlook added to market jitters already heightened by global trade tensions.
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