AEX drops sharply with tech dip close to 540 points | Financial

The AEX index was 1.3% lower at 540.46 points around a quarter to twelve. The AMX index was then 0.8% lower at 793.77 points.

Elsewhere in Europe, the UK’s FTSE 100 fell 0.5%, the German DAX index lost 0.6% and the French CAC 40 fell 1%. According to the latest figures, the French economy is expected to rebound but shrink by 9% this year. The German export figure, which grew by 4.7% from July to June, was seen as a stimulus for investors.

The corona virus was unabated. India is the worst hit now, with another 1,133 dead and 75,800 infections on Monday. Globally, 27.3 million people are infected, of which 6.3 million are in the US, according to the Johns Hopkins Institute. A total of 892,443 people died

The British pound pulled 0.3% lower against the US dollar and fell to € 1.11308. That is the lowest point in two weeks. British Prime Minister Johnson is threatening Brussels with a hard Brexit, leaving the EU without a trade agreement.

Daam-Martijn van Holst, trader at ABN Amro, emphasizes that a combination of factors contributed to the poorer state of affairs on the Damrak. He points out, among other things, the increased stress about a possible hard Brexit in view of Johnson’s threatening language. The renewed selling pressure on tech stocks and the uncertainty about the upcoming ECB decision later this week also play a role in the depressed sentiment, he says. “Tech funds that have risen sharply in previous months are currently blowing off steam. However, no major correction is expected, although September does have a reputation as a crash month. Furthermore, the ECB will probably indicate in the explanatory memorandum that it will keep a finger on the pulse on, among other things, the rise of the euro. ”

Ahold at the top again

Tech values ​​came under increasing pressure at the main funds. The semiconductor companies ASMI in ASML rates fell 4.1% and 2.3% respectively. Biotech company Galapagos became worth 3% less. Payment processor Adyen also fell 3%.

Steel concern Arcelor Mittal faced a loss of 1.7%

Chemical companies DSM in AkzoNobel both decreased by 1.5%. Their works councils warned against mass layoffs if the proposed CO2 tax goes through; this would restrict Dutch companies too much and make competition impossible.

Ahold Delhaize was among the few winners with a plus of 1.2%. Financials also kept feet dry. ING gained 0.6%. Credit Suisse has put the banking group on the buy list. NN Group in ASR – which got Joop Wijn as supervisory director – still made small profits.

Telecom company KPN (-0.5%) reported to have raised € 600 million through the issuance of Eurobonds. The loans were placed with a wide range of institutional investors.

Among the medium-sized funds, the chip share of Besi ended up in the lower regions with a loss of 4%.

Lighting company Signify thickness 2.3% on the claim that it has achieved global carbon neutrality for all of the company’s activities. Boskalis Westminster rose 1.1%.

Chip supplier headed to the Midcap bottom Iron with 3.5% loss. Fitness chain Basic-Fit lost 2.5%.

Payment service provider Ease2pay (+5,7%) reported on Monday after the market that it had suffered a smaller loss in the first half of the year than a year earlier, while turnover fell.

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