European stock indices opened higher on Tuesday, as European chip stocks benefited from competition driven by the rise of the Chinese generative AI model DeepSeek, which surpassed its American counterpart owned by OpenAI despite the decrease in development costs and time.
This rise in European stocks came amid the potential gains that European chip companies could achieve, as JPMorgan believes that the new AI model from DeepSeek might benefit European chip stocks in ways that differ from expectations.
In terms of trading performance, the European stock indices today were as follows:
The pan-European stock index Euro Stoxx 600 rose by 0.56% to record 532.7 points, with shares of biopharmaceutical company Sartorius leading the index gains, achieving around 16% growth after the company stated in an early financial year report that it met profit targets and has a cautiously optimistic outlook for 2025. The French CAC 40 index increased by 0.31% to 7,931.35 points. The German DAX index rose by 0.42% to record 21,371.10 points. The British FTSE 100 index advanced by about 0.54% to 8,549.60 points. The Italian FTSE MIB index increased by 0.31% to record 36,300.04 points. The Spanish IBEX 35 index rose by approximately 0.78% to record 12,090.10 points.
