Why it matters
- The STOXX Europe 600 rose 0.72% to 663.05 on Wednesday, Nov. 11, a record close in five years of Yahoo Finance data and its first since 660.51 on Tuesday, Aug. 11. Investing.com also called it a record close.
- It took 65 sessions to recover. The index fell 5.3% from the August record to 625.51 on Thursday, Oct. 8, then climbed 6.0%, by Global Terminal's calculation from Yahoo data.
- Other markets have not recovered. The Nasdaq is 7.7% below its Oct. 6 record close, the Nikkei 225 15.4% below its June 25 record and South Korea's Kospi 41.0% below its June 22 record, Yahoo data show.
Analysis: this piece includes our interpretation of the facts reported.
The STOXX Europe 600 closed at a record 663.05 on Wednesday, Nov. 11, up 0.72%, according to five years of Yahoo Finance data. It was the index's first record close since Tuesday, Aug. 11, when it closed at 660.51. Investing.com reported the record close and said tech stocks led the rally after strong results from U.S. cloud provider CoreWeave eased fears of an AI spending slowdown.
Europe has now fully recovered from the autumn dip, while the chip-heavy markets hit hardest by this month's AI selloff remain well below their peaks.
How did the STOXX 600 get back to a record?
Slowly, then quickly. The index fell 5.3% from its Aug. 11 record to a low of 625.51 on Thursday, Oct. 8, Yahoo data show. It has since gained 6.0%. The recovery took 65 trading sessions. It was the index's 29th record close of 2026, by Global Terminal's count, and it is up 11.9% this year from 592.78 at the end of 2025.
Germany's DAX also closed at 26,662.77, its highest close in five years of Yahoo data, above 26,569.99 on Aug. 28. Investing.com said chip-equipment makers BE Semiconductor and ASM International rose more than 4% each, and ASML and STMicroelectronics more than 3%.
How does Europe compare with other markets?
Europe is at a peak. Most other major markets are not.
| Index | Nov. 11 close | Record close (5-year data) | Below record | Change in 2026 |
|---|---|---|---|---|
| STOXX Europe 600 | 663.05 | 663.05 (Nov. 11) | 0.0% | +11.9% |
| S&P 500 | 7,619.38 | 7,818.93 (Oct. 6) | −2.6% | +11.3% |
| Nasdaq Composite | 25,466.19 | 27,599.79 (Oct. 6) | −7.7% | +9.6% |
| Nikkei 225 | 61,248.59 | 72,366.34 (June 25) | −15.4% | +21.7% |
| Kospi | 5,375.36 | 9,114.55 (June 22) | −41.0% | +27.6% |
| Hang Seng | 24,315.92 | 27,968.09 (Jan. 29) | −13.1% | −5.1% |
| Shanghai Composite | 3,680.64 | 4,242.57 (May 13) | −13.2% | −7.3% |
Source: Yahoo Finance daily closes over the past five years. Changes are Global Terminal calculations; 2026 changes are measured from each index's last 2025 close.
Why has Europe held up better?
The deepest drawdowns are in the markets where chip stocks led this month's selloff, South Korea and Japan, as covered in our Kospi and Nikkei analyses. The PHLX Semiconductor index fell 38% from June to Nov. 5. That is a pattern in the data, not proof of cause.
Investing.com said the rally came despite concern over a hawkish shift in Fed rate expectations after hot U.S. inflation data.
Track European and global indexes on our world markets page.
Sources
- Investing.com, European shares post record close as earnings absorb tech volatility (Nov. 11, 2026)
- Yahoo Finance, five-year chart data for the STOXX Europe 600 (^STOXX), DAX (^GDAXI), S&P 500 (^GSPC), Nasdaq Composite (^IXIC), Nikkei 225 (^N225), Kospi (^KS11), Hang Seng (^HSI) and Shanghai Composite (000001.SS)