ASML shares are trading higher following reports of the Biden administration's new rule on foreign chip equipment exports to China, which could exempt Japan, the Netherlands, and South Korea.
Portfolio Pulse from Benzinga Newsdesk
ASML shares are trading higher following reports of the Biden administration's new rule on foreign chip equipment exports to China, which could exempt Japan, the Netherlands, and South Korea.
July 31, 2024 | 10:45 am
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ASML shares are trading higher due to reports that the Biden administration's new rule on foreign chip equipment exports to China may exempt Japan, the Netherlands, and South Korea.
The potential exemption of Japan, the Netherlands, and South Korea from the new export rule is positive for ASML, as it reduces the risk of losing significant business in these regions. This news has led to a rise in ASML's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100