European stocks fell after five consecutive sessions of gains on Monday, with the Stoxx 600 index closing relatively unchanged near its highest level in a year. The Stoxx 50 index of leading shares dropped by 0.1%, remaining close to a 22-year peak reached last week. Shares of European chip manufacturer ASML fell by 4.0%, leading the declines in the broader technology sector, which decreased by 1.1%.
A report published by Taiwan's "Daily News" stated that semiconductor manufacturing company TSMC has lowered its cost outlook for 2023. Shares of ASMI, BE Semiconductor, and Aixtron fell between 0.9% and 3%. European bank stocks also declined by 1.4% after finishing last week up by 4%.
