ASML down after China calls out U.S. efforts to block tech sales to country

Hua Hong Grace Semiconductor

06/07/2022 11:19

** China has called U.S. efforts to stop ASML Holdings NV
 ASML.O , the chip-making equipment-maker, from selling to the
East Asian nation "technology terrorism", according to a
Bloomberg News report (https://bloom.bg/3urVj7o)
    ** U.S.-listed shares of Netherlands-headquartered ASML drop
1.5% at $425.85 premarket
    ** Stock ended ~4% lower on Tue - its sixth consecutive
session of decline - after reports of U.S. efforts to block
ASML's China sales 
    ** If Netherlands agree to the ban, it will deal a blow to
Chinese chipmakers from Semiconductor Manufacturing
International Corp  0981.HK  to Hua Hong Semiconductor Ltd
 1347.HK 
    ** ASML down ~47% YTD

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))