ASM International reports Q3 bookings below market estimates

Computer chip equipment maker ASM International reported third-quarter bookings below market expectations on Tuesday, hit by a larger-than-expected drop in orders from Chinese chipmakers.

Bookings, the industry's most closely watched figure, came in at 637 million euros ($743 million) in the second quarter of the year. That compared with an average 719 millions euros expected by analysts, according to research firm Visible Alpha.