

Market Analysis
European shares rose by nearly 1% on Wednesday, bolstered by a series of corporate updates. ASML (AS), a leading Dutch chip equipment manufacturer, saw significant gains after reports revealed that the company would be exempt from a new U.S. rule on foreign chip equipment exports.
The pan-European STOXX 600 index increased by 0.9%, reaching a two-week high.
ASML’s shares jumped 8% following news from Reuters that the new U.S. regulations on chip equipment exports to China would exempt certain allied countries. This development led to a 3.3% rise in the regional tech sector.
Airbus saw a 5.2% gain after announcing its second-quarter results.
Jet engine and equipment maker Safran (EPA) rose 1.1% after confirming its financial targets following a strong first half of the year. These developments also positively impacted the aerospace sector, which climbed 1.7%.
HSBC Holdings (NYSE) advanced nearly 3% as the bank committed to buying back $3 billion in shares following a steady first-half profit.
Schneider Electric (EPA) SE increased by 3.4% after reporting its first-half results.
In contrast, Wolters Kluwer saw a 6% drop after releasing its first-half results, and British drugmaker GSK fell 1% despite raising its annual earnings and sales forecasts.
Paraphrasing text from "Reuters" all rights reserved by the original author.