European equity markets were mixed on Monday, with technology stocks providing support after South Korea unveiled a US$576 billion investment programme aimed at strengthening its leadership in semiconductors and artificial intelligence, backed by Samsung and SK Hynix.
Germany’s DAX gained 0.1%, while the UK’s FTSE 100 hovered around the flatline. France’s CAC 40 underperformed, slipping 0.6%.
Energy markets also remained in focus, with crude oil prices edging higher following renewed tensions between the United States and Iran ahead of upcoming peace negotiations in Qatar.
Technology Stocks Lead Market Gains
Semiconductor-related shares outperformed across Europe, with ASML Holding (EU:ASML), Infineon (TG:IFX) and STMicroelectronics (BIT:STMMI) (EU:STMPA) advancing between 1% and 3%.
Among individual movers, Nordex Group (TG:NDX1) climbed around 1% after the German wind turbine manufacturer secured a 325-megawatt project in the United States.
Dutch technology investor Prosus N.V. (EU:PRX) rose 2.4% after reporting an 84% increase in full-year adjusted core profit.
French pharmaceutical group Ipsen (EU:IPN) gained 1.7% after announcing an agreement to acquire U.S.-based Kartos Therapeutics in a transaction valued at up to US$1.75 billion.
Meanwhile, BT Group (LSE:BT.A) added around 1% after reaching an agreement with Verizon (NYSE:VZ) to combine their international operations through a new joint venture.
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