Semiconductor Companies Recuperate Yesterday’s Losses

Shares of European semiconductor companies recover from yesterday's fall.

Huawei

The US government’s decision to grant Huawei a temporary reprieve for the ban has helped shares of European semiconductor companies recover from yesterday’s fall. US Commerce Department has temporarily eased trade restrictions on Huawei in order to prevent disruptions in services for customers.

Shares of Infineon, AMS and STMicro edged higher early in the European session as a result, recuperating yesterday’s losses. On Monday, this sector was worst affected in both the European as well as the US markets over fears that US’s ban on Huawei could have a spillover effect on the company’s suppliers.

The Commerce Department has permitted Huawei access to American goods to maintain existing networks and offer customers software updates till August 2019. This temporary deadline will be reviewed later, if the need arises.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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