0851 GMT - European chip stocks fall sharply in early European trade, with losses deepening as the trading day progresses. A basket of European technology stocks lost 1.8%, handing back gains made in recent days as a sharp run off in global borrowing costs weighs on the sector. ASML, Europe's most valuable company, slid 2.8%, while Dutch peers ASM International and BE Semiconductor dropped 4% and 3.15%, respectively. Chip manufacturers STMicroelectronics and Infineon Technologies lost 4.4% and 4%, respectively. French semiconductor materials group Soitec dropped 7.7%. Companies linked to the buildout of artificial intelligence also suffered, with gas turbine-maker Siemens Energy losing 2.8%.
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