Reported 5 months ago
During the Republican National Convention on Tuesday (16th), former US President Trump claimed that Taiwan was taking away America's chip industry and should pay protection fees to the US, causing a sharp drop in chip stocks on Wednesday. Leading chip companies like Nvidia and ASML experienced significant declines in Asia and Europe, with ASML plummeting nearly 10%. Trump's comments regarding Taiwan's security support also impacted the stock market negatively, leading to drops in the S&P 500 index and tech-heavy Nasdaq Composite index.
Source: YAHOO