ASML is trading at $1,504.40 (-5.06%) as investor optimism faded following the conclusion of the Trump-Xi summit.
- U.S. Trade Representative Jamieson Greer confirmed that semiconductor trade rules were not a primary discussion topic, dashing hopes for eased export restrictions.
- The tech sector rally that began on May 14 has reversed sharply, with a 1.64% decline in the Nasdaq amplifying the broader selloff in semiconductor stocks.