After the tense situation between the US and Iran heats up, European semiconductor stocks slide.

Shares of European semiconductor companies fell after Iran announced it would once again close the Strait of Hormuz over the weekend, and limit shipping until the US lifts its blockade on Iranian ports. Meanwhile, US President Trump said that the US has seized a vessel flying the Iranian flag in the Gulf of Oman. Dutch semiconductor equipment manufacturer ASML and its smaller competitor ASM International fell by 1.3% and 1% respectively. Shares of Dutch semiconductor assembly equipment supplier BE Semiconductor Industries dropped by 0.4%. German chip maker Infineon Technologies fell by 1.7%. STMicroelectronics saw its shares fall by 0.2%.