Live Markets: European bourses steer clear of sharp chip selloff

Compagnie Generale des Etablissements Michelin SCA

28/07/2026 09:18

Adds new blog entry
STOXX 600 little changed
Tech selloff hits Asian markets
Barclays falls after results; Unilever jumps
Wall Street futures lower
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EUROPEAN BOURSES STEER CLEAR OF SHARP CHIP SELLOFF
Most major European equity markets are flat to slightly higher on Tuesday, avoiding the worst of the tech selloff that gripped Asia overnight and looks set to weigh on the Nasdaq NQcv1. 
The pan-continental STOXX 600 .STOXX is little changed after finishing flat on Monday. Breadth is positive with about 60% of stocks rising. 
Other major bourses in Europe are a touch higher. The DAX .GDAXI, CAC .FCHI and FTSE .FTSE are up between 0.1% and 0.4%. 
The mood in Europe is far brighter than it was in Asia. South Korea's Kospi .KS11 shed almost 11%, while the Nikkei .N225 tumbled 4% as chip stocks slid. 
Europe's tech sector .SX8P is only down 0.4% although it fell about 1.7% on Monday after a report said China was developing DUV chipmaking tools in potential competition with ASML. 
Top gainers in Europe include Unilever ULVR.L and Man Group EMG.L after results, while Philips  PHG.AS and Barclays  BARC.L are two of the biggest laggards.
The energy sector .SXEP is the biggest faller as oil prices decline for a third day, with a pause in attacks in the Middle East bringing hope for a peace agreement.  
Here's your opening snapshot: 
(Samuel Indyk)
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EARLIER ON LIVE MARKETS: 
EUROPE BEFORE THE BELL: REGION SET TO AVOID WORST OF CHIP SELLOFF CLICK HERE
CHIPS JOLTED AS MOMENTUM SHIFTS IN AI CLICK HERE