Tech Reprieve Lifts Stocks, French Crisis Swirls: Markets Wrap

European stocks snapped two days of declines, with technology leading the advance amid hopes that US curbs on chip equipment sales to China may prove lighter than feared.

The US is considering measures on sales of semiconductor equipment and AI memory chips to China that would stop short of stricter limits previously under discussion, Bloomberg News reported. The Stoxx 600 index rose 0.4%, boosted by semiconductor-linked stocks including ASML Holding NV, VAT Group AG and Aixtron SE.

The Brazilian real tumbled to a record low after the government’s plan to cut spending disappointed. The Ibovespa index of Brazilian ...