US Stock Market Moves: ASML (ASML.US) Plunges Over 7%, July Losses Exceed 18%
Stock News
Jul 27
Monday witnessed a sharp downturn for ASML Holding NV (ASML.US), with shares opening lower and continuing to fall. As of the time of writing, the stock is down more than 7%, bringing its total decline for July to over 18%.
Market reports indicate that a Shanghai-based company has begun producing immersion deep ultraviolet (DUV) lithography tools. This development adds competitive pressure in the semiconductor equipment space.
Data shows that ASML's revenue contribution from the Chinese market has dropped from 19% in the first quarter of this year to 14% in the second quarter.
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