Live Markets: Before the bell: chip selloff weighs on Europe

Infineon Technologies AG

07/07/2026 07:56

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

BEFORE THE BELL: CHIP SELLOFF WEIGHS ON EUROPE
European shares are set to open lower on Tuesday, with EuroSTOXX50 .STOXX50E and DAX .GDAXI futures falling around 0.3% as a fresh bout of selling in global technology stocks dents risk appetite.    
The pressure is centred on semiconductors after Samsung Electronics 005930.KS fell more than 8% even as it reported a 19-fold jump in quarterly profit.
Investors used the results to lock in gains on a stock that has more than doubled this year and continued a rotation out of other high-flying AI shares. 
The selloff spread across the sector, setting a negative tone for European chipmakers and fuelling concerns that the AI-driven rally is losing momentum.
Infineon IFXGn.DE, STMicro STMPA.PA, ASMI ASMI.AS, BE Semi BESI.AS, Soitec SOIT.PA and Aixtron AIXGn.DE are down 3-5% premarket, while heavyweight ASML ASML.AS is indicated 1.4% lower.    
Nasdaq futures are off almost 1%.
Energy stocks offer some support as oil prices rose on reports Iran fired at least two missiles at commercial ships transiting the Strait of Hormuz. 
Futures on the commodity heavy FTSE 100 .FTSE rose 0.1%. Shell SHEL.L edged up after slightly raising its second-quarter integrated gas outlook despite lower production linked to disruptions affecting Qatari volumes. 
Defence stocks .SXPARO were supported premarket by expectations of stronger military spending.

(Danilo Masoni)
******

EARLIER ON LIVE MARKETS:
SAMSUNG BOOM, MARKET GLOOM CLICK HERE