The tech sector spearheaded the gains, with chipmakers leading the rally. Siltronic shares jumped 10.5%, while ASML and Soitec added 2.6% and 4.5% respectively. Basic resources also provided a strong tailwind, climbing 2.8% during the morning session. These sectoral gains helped markets navigate the uncertainty triggered by U.S. strikes on Iran, a situation complicated further by Donald Trump’s recent comments on Tehran’s potential interest in a diplomatic deal.
Beyond regional geopolitical concerns, specific industry developments influenced the day's movement. Reports suggesting China might permit domestic access to Nvidia’s AI-focused chips injected a dose of optimism into the market. While Spain’s indices staged a notable rebound, the broader atmosphere remained volatile, marked by sector-specific friction and periodic setbacks in the healthcare space.
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