ReutersReuters

Soitec falls to bottom of SBF120, Europe chip stocks recede

RefinitivLess than 1 min read

** Semiconductor material supplier Soitec's SOI stock falls around 12%, to the bottom of France's SBF120 index

** Analysts could not point to a company specific reason for the fall, but note Soitec's stock volatility

** The stock is on track for its biggest daily loss since May, if losses holds; it rose 26% since September 12

** Peers in the European chip sector decline amid broader sell-off in stocks as U.S.-China trade tensions hit sentiment

** ASM International ASM and BESI BESI slide 2-3%, both at the of Amsterdam's AEX index (.AEX); Europe's broader technology index (.SX8P) falls 1% at 1203 GMT

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