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Richemont Rises, ASML Soars, Swedbank Up
Published 2 months ago
Description
On this episode of Stock Movers:
- Richemont sales jumped to a record in the final months of last year as holiday shoppers splurged on its watches and Cartier jewelry, led by demand in the US and the Middle East. It's shares rose 2.6% on the news.
- ASML shares soared to a record high, sending its market value beyond $500 billion, after Asian peer Taiwan Semiconductor Manufacturing Co. gave a stronger-than-anticipated outlook for 2026. The Dutch semiconductor equipment maker rose as much as 7.6%, extending its year-to-date gain to 25%.
- Swedbank rose 6%. Trading volume was 106 times the average for this time of day.
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