ASML and Tokyo Electron shares rose after a report that the U.S. is considering sanctions on China's chip industry that stop short of earlier proposals.

Shares of ASML and its peers in the European computer chip equipment sector climbed on Thursday after Bloomberg News reported that the Biden administration's China chip curbs could be less severe than expected.

Good morning. The US is weighing China chip curbs that stop short of earlier proposals. UK automakers warn of a bleaker outlook. And more Brits are giving away homes to family members to escape rising taxes.

The battle over silicon deepens as the U.S. plans to impose more restrictions on sales of chip equipment and AI memory chips to China, sparking tensions.

Shares of ASML and its peers in the European computer chip equipment sector climbed on Thursday after Bloomberg News reported that looming U.S. restrictions on the Chinese semiconductor industry may be less severe than expected.