Brussels, June 30 (QNA) - European stocks posted their biggest quarterly gains in more than five years on Tuesday.

This was driven by rising sanguinity over the AI sector, along with signs of de-escalation in the Middle East.

The STOXX Europe 600 Index closed up 0.9 percent, after hitting a new record during trading, extending its upturn to a third consecutive month, while advances for the current quarter reached almost 10 percent, marking its best quarterly performance since October 2020.

Technology stocks led market gains, as the sector rose 2.5 percent, while most other major sectors also posted gains.

Among the standout movers, ASML, which specializes in semiconductor equipment manufacturing, jumped 6.8 percent, while shares of STMicroelectronics and Infineon, both active in the semiconductor industry, rose 1.4 percent and 4.4 percent, respectively. (QNA)