Europe's STOXX 600 ends week higher as tech stocks rebound

economictimes.indiatimes.com:

STOXX 600 ended higher on Friday, as tech stocks made a strong comeback at the end of a bumpy week, while the European Central Bank's rate cut and a flurry of corporate earnings helped the index deliver a second straight week of gains.

The STOXX 600 closed up 0.2% as the tech sector led gains with a 2% jump.

That cut the weekly loss for the tech index to 6%, but it remained the worst-performing sector this week after ASML's weak 2025 sales forecast sparked a rout in chip stocks globally.

The computer chip equipment maker's shares were up 1% on Friday, while chip stocks Soitec SA and BE Semiconductor Industries were up 5.6% and 2.8%, respectively.

Basic resources shares climbed 1.4%, boosted by strong copper prices.

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