Reported 5 months ago
Fears of a potential trade war between the US and China have led to a significant drop in the stock values of the world's leading companies, erasing over £260 billion ($338 billion). Major tech firms like Microsoft, Apple, and Nvidia faced declines of up to 6.1% in early trading, prompting a broader fall in stock markets worldwide. The S&P 500 and Nasdaq indices dropped 1.1% and 2.4%, respectively, following reports that the Biden administration may implement tighter controls on chip technology exports to China.
Source: YAHOO