Amsterdam’s AEX breaks 800 barrier as tech stocks boom
Amsterdam’s blue chip AEX index has risen above 800 points for the first time in its 37 year history.
The index topped the 800 mark at around 10.30 on Wednesday morning before dropping back in later morning trading.
The AEX fell to 431 points last March, with an intraday low of 389,60, as the coronavirus pandemic unfolded but broke its former record of 703.2 points five months later. That record dated from 2000 at the height of the dot.com boom.
Semi-conductor firms ASMI and ASML, up 91% and 87% this year, and payment processor Adyen, up 45% are the biggest AEX gainers, as tech stocks take the upper hand. Philips, Justeat-Takeaway and Unilever have all lost value over the year so far.
Most European and US indices have also been breaking records this year.
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