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By 0711 GMT, the pan-European STOXX 600 added 0.6%, tracking a 1% gain in the tech-heavy Nasdaq.
The technology sector added 1.3% as chip stocks rallied on optimism surrounding the world’s most valuable chipmaker Nvidia (NASDAQ:NVDA) ahead of its quarterly results on Wednesday.
Shares of Amsterdam-listed chipmakers ASML Holding NV (AS:ASML), ASM International NV (AS:ASMI), and BE Semiconductor Industries NV (AS:BESI) gained between 1.4% and 2.0%.
Ubisoft Entertainment (EPA:UBIP) advanced 6.3% after Microsoft (NASDAQ:MSFT) said that its acquisition target Activision (NASDAQ:ATVI) would sell its non-European streaming rights to the French video game producer.
European miners added 1.1%, tracking higher metal prices. [MET/L]
Prysmian (BIT:PRY) rose 3.9% after the Italian cable maker was selected as ‘preferred bidder’ for 3 projects in Germany worth EUR 4.5 billion.
