LIVE MARKETS-STOXX extends record run, ASML tops $500 bln mark

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STOXX EXTENDS RECORD RUN, ASML TOPS $500 BLN MARK

European shares extend their record-breaking run on Thursday as forecast-smashing TSMC results, powered up heavyweight ASML ASML.AS and other semiconductor plays, helping the pan-regional STOXX 600 .STOXX index hit a new lifetime peak, up 0.3%.

ASML surged to a new record high, pushing its market value above the $500 billion mark and cementing its lead as Europe's most valuable company.

"We view today’s update from TSMC as materially positive for European semiconductor equipment stocks...given their exposure to AI demand," wrote Citi analysts.

Commodity and defence stocks were weak, pulling back after a strong start to the year, as concerns over possible U.S. action in Iran eased after President Donald Trump said killings in the country's crackdown on protests were stopping.

Luxury was initially helped by strong numbers from Richemont CFR.S, though traders faded the surge in shares of the Cartier-owner, sending them down 2% after an earlier 3% rise.

(Danilo Masoni)

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