European Shares Rebound 0.4% as Tech Stocks Lead Recovery

European equities advanced on July 9, with the STOXX 600 rising 0.4% to 638.66 as technology shares rebounded 1.6%. The move followed a sharp 1.7% drop on July 8 after the Hormuz ceasefire collapsed and Brent crude surged above $76, triggering broad risk-off selling. Markets had opened flat near 650.84 on July 7 amid AI valuation concerns before Middle East tensions escalated. Gains on July 9 were led by chip stocks such as Siltronic and ASML, while defence and energy names had outperformed during the prior sell-off. Investors now focus on Nvidia earnings and Fed speakers for further direction.