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Stock market today: World stocks slip on report US might tighten technology curbs on China

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Global stocks have mostly fallen, with shares in London declining after data showed the inflation rate remained steady at the Bank of England’s 2% target in June.

A currency trader talks on the phone near the screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, July 17, 2024.

Shares in Tokyo Electron plunged 7.5%. Precision tools maker Disco Corp. sank 4.5% and Lasertec, which makes equipment for inspecting for defects in computer chips, dropped 5%. “Taiwan should pay us for defense,” Trump said according to a transcript of an interview published by Bloomberg. “Taiwan took our chip business from us, I mean, how stupid are we?” he said.

Hong Kong’s Hang Seng gained 0.1% to 17,739.41, while the Shanghai Composite index lost 0.5% to 2,962.85.

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