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European stocks opened mostly higher, with tech and pharmaceutical stocks gaining

2026-08-17 07:35

Odaily Planet Daily News European stocks mostly rose on Monday, following a week in which most major indices closed lower, with only Germany's DAX index hitting a record high. The pan-European Stoxx 600 index rose 0.2%, led by gains in technology and pharmaceutical stocks. SpaceX supplier STMicroelectronics rose 3%, while ASML and its smaller competitor ASM International advanced 2.35% and 2.7%, respectively. Dutch pharmaceutical company Argenx led the gains, climbing about 7.7% after reporting positive clinical trial results. Germany's DAX index and the UK's FTSE 100 index rose 0.02% and 0.3%, respectively, while France's CAC 40 index slipped 0.1%. (Jin Shi)