European shares open 1% higher on ASML, earnings boost

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European shares climbed nearly 1% on Wednesday, driven by a raft of corporate updates, while heavyweight ASML led overall gains on report that the Dutch chip...

- European shares climbed nearly 1% on Wednesday, driven by a raft of corporate updates, while heavyweight ASML led overall gains on report that the Dutch chip equipment manufacturer was exempt from a fresh U.S. rule on foreign chip equipment exports.Shares of ASML surged 8% after Reuters reported that a new U.S. rule on foreign chip equipment exports to China will exempt some allies. The regional tech sector jumped 3.3%.Jet engine and equipment maker Safran climbed 1.

Wolters Kluwer dropped 6% after the Dutch information services company reported its first-half results.French inflation accelerates to 2.6% in July, but below forecasts The Hong Kong market has recently experienced a downturn, with the Hang Seng Index retreating by 2.28% amid broader economic concerns and policy uncertainties. Despite this, growth companies with high insider ownership continue to attract attention due to their potential for robust profit growth and alignment of interests between insiders and shareholders. In this environment, stocks that exhibit strong profit growth expectations alongside substantial insider ownership can be particularly...

Hamas leader Ismail Haniyeh was assassinated in Iran early on Wednesday, the Palestinian militant group said, drawing fears of wider escalation in a region shaken by Israel's war in Gaza and a worsening conflict in Lebanon. Israel has sought to show it can get anyone, anywhere. It has assassinated or attempted to kill leaders of Hamas and key operatives since the group was founded in 1987 during the first Palestinian uprising against the occupation of the West Bank and Gaza Strip.

 

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