LIVE MARKETS — On second thoughts, Europe is a bit of a hiding place

(Adds blog post) STOXX 600 down 0.3% Chip stocks globally tumble In Europe, ASMI, ASML Siemens Energy hit US PPI to come S&P 500 futures down 0.3%, Nasdaq 100 futures down 1.15% Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at. On Second Thoughts, Europe Is A Hiding Place Revising the earlier blog title, actually Europe is proving to be something of a hiding place from this chip selloff with the broad STOXX 600 down just 0.2% despite falls in Asia and on Wall Street. The chip complex is taking a bruising. ASMI and Aixtron are the standouts, down 9%, but Infineon, BE Semi, ASML are also all down over 6% as is Siemens Energy, which too has been a beneficiary of the AI trade. But lots of less sexy shares are higher, Ericsson is top of the STOXX, up 7.7% after an earnings beat, and on a sectoral basis food and drink stocks are up 1.7% and insurance stocks are up 1.6%, helped by a 2.4% gain in Zurich after a broker upgrade. With Lindt up 4.5%, Switzerland is the real hiding place, with the Swiss market index up 0.46%. London's FTSE is up 0.3%, while the DAX is off 0.4%. Bonds are benefiting from the tech ro