Reported 3 months ago
Asian equities declined as technology stocks faced a selloff over worries about possible US restrictions on chip sales to China. Stocks in Japan and South Korea fell, with notable drops in the Topix and Nikkei 225 Stock Average, while the S&P 500 and Nasdaq in the US also saw significant declines. The semiconductor industry experienced a major slide, with US chip giants like Nvidia and AMD driving a key semiconductor gauge down by almost 7%. The Biden administration is considering strict measures if companies continue to provide China with advanced chip technology, which could impact global markets. The article also mentions the potential implications of a second Trump administration on market dynamics, as well as upcoming data releases and key events in the financial world.
Source: YAHOO