Shares in European semiconductor companies fell after Trump mentioned new tariffs on chip imports, hitting BE Semiconductor in particular.
Raluca Ioana Draghici
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Shares in the semiconductor sector ended Tuesday's trading day down, weighed down by US President Donald Trump's announcement of new tariffs on chip imports. BE Semiconductor, with 18% of its revenue coming from the US, suffered the biggest fall of 2.3%. VAT Group and STMicroelectronics also fell 0.9% each. Despite those declines, European stock markets closed slightly higher, except for France's CAC 40 index, which lost 0.1%. Investors remain wary of the risks of trade protectionism.
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