Market Update: Melexis Rides ASML’s Stock Surge
The Bel20 index began trading on Wednesday at 5,377.44 points, a decline from Tuesday’s close of 5,396.81 points. The financial reporting season is gaining momentum as major companies prepare to release their quarterly results.
Upcoming Earnings Reports
Wall Street will see reports from tech giants Meta, Microsoft, and Tesla later today. These updates are highly anticipated among investors.
ASML’s Impact on Melexis
This morning, ASML announced its fourth-quarter results, which were significant for Melexis. ASML met its own forecasts and looks forward to another growth year in 2026.
- ASML’s stock opened more than 7% higher in Amsterdam.
- Melexis experienced an opening gain of over 3%.
Market Movers
- Umicore: +2.8%
- D’Ieteren: +0.9%
- Solvay: -2.5% after KBC Securities lowered its price target.
- UCB and Argenx: each down around 2% at the opening.
Bekaert’s Acquisition in Asia
Bekaert announced the acquisition of Bridgestone’s tire reinforcement operations in China and Thailand. This deal is expected to add approximately 80 million euros to Bekaert’s consolidated annual revenue.
At the market opening, Bekaert shares rose nearly 3%, reflecting investors’ positive outlook on this acquisition.
This report provides insights into the recent market trends and the performance of key stocks, yet it is not offered as professional investment advice.
