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ASML tanks on worst sell-off since last century
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Dutch chip maker ASML suffers its worst sell-off since 1998 after it slashed its sales outlook in an earnings release it published accidentally. Chip stocks see heavy losses globally as a result. French luxury giant LVMH posts its first quarterly loss since the Covid pandemic, missing expectations with the group warning Chinese consumer confidence has hit an all-time low. Adidas increases its FY outlook for the third time this year as bumper sales of its retro sneaker models helped it to a Q3 earnings beat. In China, equities endure choppy trade as the housing ministry announces it will give another public update briefing on the country’s beleaguered property sector tomorrow.
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