Shares of major European semiconductor firms Besi, ASM International, and ASML posted a strong recovery on Tuesday, snapping a multi-week streak of sharp declines that had weighed heavily on the sector.
The rebound marks a notable shift in market sentiment, with investors returning to high-growth technology names after a period of sustained volatility and risk aversion.
The rally across these key names suggests that the worst of the recent selling pressure may be easing.
While the sector had been plagued by steep losses in the preceding weeks, the coordinated advance in Besi, ASMI, and ASML indicates that institutional buyers are beginning to step back in, viewing current valuations as attractive entry points.
This move aligns with a broader resurgence in risk-on sentiment observed in US equity markets earlier in the week, where semiconductor and technology shares also led the advance.
The recovery comes after a cautious rebound seen on Monday, which had already reversed some of the steepest losses from the previous week.