By Toby Sterling

AMSTERDAM (Reuters) – Shares in ASML (AS:), the biggest maker of kit used to fabricate laptop chips, jumped on Wednesday following a Reuters report that implied will probably be spared the brunt of recent U.S.-China export restrictions into account.

The report mentioned the U.S. will exclude allies together with the Netherlands, the place ASML is predicated, from new restrictions on gear gross sales to half a dozen Chinese language chipmaking vegetation.

Shares have been buying and selling up 6.2% at 855.20 at 0822GMT.

“Today’s news … definitely alleviates the market’s concerns as ASML had nearly half of sales from China in the first half of 2024,” mentioned Kevin Wang of Mizuho Securities.