Chipmakers lead AEX losses as index falls 0.7%

Dutch chipmakers were among the biggest fallers in Amsterdam on Tuesday, as the AEX index dropped 0.7% to 1,133.59 points. Besi, ASML and ASMI fell by as much as 3.3%, according to an ANP report published by Nieuws.nl. [1]

Investors remained concerned about heavy investment in artificial intelligence and the profitability of AI-related companies, the report said. The AEX had reached a closing record on Friday, then edged down on Monday.

Elsewhere, the mid-cap MidKap index rose 0.1% to 1,058.34 points, while Frankfurt, London and Paris fell by up to 0.4%. In the AEX, KPN and Heineken were the strongest risers, each gaining 1%.

Investors were also looking ahead to quarterly results due this week from major technology companies including Meta Platforms, IBM and Tesla, as well as AEX-listed Besi and AkzoNobel. [1]