The Amsterdam Stock Exchange exited on Thursday with a clear plus trade. Tech companies in particular have pushed the AEX index to its highest level in twenty years. This happened after news of European plans to expand its chip sector.
Chip boxes appear to be heading towards news that the European Union is considering building its own chip plant. The news agency reported that the European Union wants to do this to reduce its dependence on supplies from Asia and the United States Bloomberg Based on insiders.
Chips supplier ASM International (ASMI) and chip machine maker ASML won 4.2%, making the two companies two of AEX’s biggest winners. Adyen payment processor ended up only higher (5.7 percent), with the help of analysts who raised their expectations for fintech.
The AEX index rose 1.1 percent to 664.34 points, the highest level since the summer of 2000. The MedCap index rose 0.7 percent to 1002.80 points.
Earlier in the day, it was announced that Amsterdam has overtaken London as the largest trading center for stocks. Due to Brexit, many platforms and investors in London have moved to the Dutch capital.