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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Finance

    ASML shares surge after strong bookings

    Published by Global Banking and Finance Review

    Posted on January 29, 2025

    Featured image for article about Finance

    MILAN (Reuters) - ASML shares rose sharply in early Frankfurt trading on Wednesday following strong quarterly bookings.

    The biggest supplier of computer chip-making equipment posted much better than expected fourth-quarter bookings of 7.08 billion euros, on strong demand for its most advanced tools.

    The shares, which have been hit by the DeepSeek rout this week, were up 8.7% in Frankfurt.

    "The strong Q4 booking and backlog will dispel some of the bearish concerns regarding 2025 itself, though concerns on the 2026 growth are likely to persist," Jefferies said in a note.

    (Reporting by Danilo Masoni; Editing by Amanda Cooper)

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