ASML Stock Plunges On China News, Leads Chip Stocks Lower

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12:44 PM ET 07/27/2026

ASML (ASML) stock tumbled on Monday on a report of competition emerging in China. The stock was among the biggest losers on the Philadelphia semiconductor index, known as SOX. The SOX, which includes the 30 largest chip stocks traded in the U.S., sank 3% in afternoon trades on the stock market today. It is on pace for its third straight…