The CAC 40 experienced an increase of 0.4%, reaching 8,289 on Thursday, marking a recovery from a near one-month low observed in the prior session, notwithstanding the intensifying tensions between the US and Iran. The US conducted strikes on Iranian targets for a second consecutive day, as Tehran issued warnings of retaliation following claims of attacks on US bases in Kuwait and Bahrain.

The latest developments have further obscured the outlook for peace negotiations in the wake of a recently established truce framework. On the corporate front, STMicroelectronics experienced a notable increase of 3.6%, driven by positive sentiment throughout the semiconductor sector following the overwhelming demand for SK Hynix’s US share offering, which surpassed available shares by more than sevenfold.

The company also forecast Q2 revenue of about $3.45 billion and a gross margin of roughly 34.8%, indicating robust growth momentum. Financial stocks contributed positively to the index, as BNP Paribas increased by 1.4%, Crédit Agricole saw a rise of 1.2%, and Société Générale experienced an advance of 2.5%.