NEW YORK - Large tech companies led stocks lower on Wednesday as investors digested disappointing China data ahead of a key US inflation report.
China slipped into deflation for the first time in more than two years in July, official data showed, as slowing domestic spending weighs on the post-Covid economic recovery.
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Explainer-US starts process to restrict some investment in key tech in ChinaWASHINGTON : The White House on Wednesday announced plans to prohibit some U.S. investments in certain sensitive technologies in China, and require that the government be notified of other investments, but said it could take time before the moves take effect.President Joe Biden on Wednesday signed an exec
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