European semiconductor stocks retreat, Infineon falls 3.5%

The shares of European semiconductor companies declined after recording strong gains on Monday, which had been driven by significant increases in South Korea’s SK Hynix and Samsung Electronics. Dutch semiconductor equipment manufacturer ASML and its smaller rival ASM International fell by 0.2% and 2.3%, respectively. Dutch semiconductor assembly equipment supplier BE Semiconductor Industries dropped by 4.5%. German chipmaker Infineon fell 3.5%. STMicroelectronics declined 2.4%. Meanwhile, E-mini Nasdaq 100 futures edged down 0.2%, indicating a weaker opening for US tech stocks after Labor Day.