European Shares Mixed In Cautious Trade; Chip Stocks Tumble On Valuation Concerns

European stocks were mixed as investors de-risked from volatile tech shares, while reports said two commercial vessels were hit by Iranian missiles in the Strait of Hormuz late Monday. The incident is expected to reignite Middle East tensions, supporting a cautious risk tone and potential near-term pressure on energy-sensitive assets.

Analysis

European stocks were mixed as investors de-risked from volatile tech shares, while reports said two commercial vessels were hit by Iranian missiles in the Strait of Hormuz late Monday. The incident is expected to reignite Middle East tensions, supporting a cautious risk tone and potential near-term pressure on energy-sensitive assets.