FX.co ★ European Stocks Fall on Monday

European equities opened the week on a cautious footing, with both the STOXX 50 and STOXX 600 trading flat to slightly lower as oil prices rose following renewed military strikes involving the US and Iran. The technology sector led the downside after South Korea’s SK Hynix slumped 15% in Seoul—its steepest one-day drop on record—as investors took profits following a 13% surge in its US-listed American depositary receipts on their Friday debut and reassessed the sustainability of AI-related demand. In Europe, major chipmakers came under pressure, with ASML Holding down 2% and Infineon Technologies off 3%, ranking among the session’s weakest performers.