ASML shares drop on US export restriction plan

ASML's stock experienced a decline following a proposal in the U.S. Congress to further restrict the company's exports to China. This legislative move could significantly impact ASML's sales and market access in a key region. The proposed law aims to tighten controls on semiconductor equipment sales, reflecting ongoing geopolitical tensions and trade policies. Investors are closely monitoring the potential ramifications for ASML's global business operations and future growth prospects.