ASML Drops With Tech as Traders Suspect Opening ‘Fat Finger’
The ASML Holding NV headquarters in Veldhoven, Netherlands.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
ASML Holding NV shares dropped in the first minutes of trading before quickly recovering, with traders blaming the unexpected slump on an erroneous trade.
According to multiple equity traders, a “fat finger” — trades made by human error, or even by algorithms — could have been behind an initial slump of as much as 7.1% in the stock. A spokeswoman for Euronext SA rejected that was to blame and said no alerts were triggered at the pan-European exchange this morning.