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Energy, Chip Stocks Power Italian Benchmark to 26-Year High

Italy's primary equity index closed above its previous record set in 2000, driven by strength in energy and semiconductor shares. Chip stocks have emerged as key market drivers globally this year. Semiconductor equities contributed substantially to market advances while showing increased volatility. The rally expanded beyond single-sector concentration, though some chipmakers experienced pullbacks. Significant capital flowed into semiconductors and energy despite regional tensions. The index's climb to uncharted territory marks a notable milestone for European equity markets and reflects investor appetite for technology and energy exposure.