🔴 ASML is trading 5.10% down today as hot CPI and geopolitical tensions weigh on tech

ASML is trading at $1486 (-5.10%) as hotter-than-expected CPI data and rising geopolitical tensions trigger a sharp decline in the Nasdaq Composite.

• The Nasdaq fell 1.57% after inflation hit 3.8% YoY and U.S.-Iran tensions pushed oil above $107 per barrel, dampening investor appetite for high-growth tech stocks.
• The semiconductor sector is under additional pressure from supply chain concerns, including a potential strike at Samsung, even as no company-specific news emerged for ASML.
• Today's move marks an acceleration of losses from earlier in the session, when the stock was down 3% amid CPI anticipation.