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European shares drop as ASML warns US tariffs cloud outlook

News Snapshot:

Heineken gained after the brewer beat first-quarter sales estimates and maintained its annual guidance. Photograph: timothy A clary/Getty Images European shares closed lower on Wednesday, weighed down by semiconductor-related stocks after the world’s biggest chip-making equipment supplier ASML warned that US tariffs were increasing uncertainty around its outlook for 2025 and 2026. The pan-European STOXX 600 index slipped 0.2 per cent, though it was well off intraday lows by the close. The technology sub-index was the worst hit, down 2 per cent. Dublin The Iseq All-Share index ended the session down 0.2 per cent at 10,145.44. Banking stocks were out…

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