ASML drops 12% on Trump worries, taking chip stocks, Nasdaq down

ASML Holding NV's shares dropped sharply after reports of potential US trade restrictions aimed at curbing China's access to advanced semiconductor technology overshadowed a 54% rise in second-quarter bookings, reaching €5.57 billion. The Biden administration's scrutiny threatens ASML's significant Chinese market share, impacting its future growth prospects despite strong current demand.

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By Cagan Koc

ASML Holding NV fell as the prospect of more severe US restrictions on its business in China offset growth in the Dutch firm's order intake last quarter. 

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