European shares shrug off HSBC miss as other earnings, oil relief lift sentiment

STOXX 600 rose 0.47%, reversing early losses, as Applied Materials' plan to lift its Besi stake to about 20% triggered an 11% surge in European chip-equipment names and lifted the semiconductor complex, including ASML. SIG Group's sales beat and softer oil prices reinforced the bid, offsetting HSBC's revenue miss that dragged the FTSE 100 down 0.75%. The signal is sector rotation toward semiconductor capital equipment rather than broad index conviction.