Chip stocks tumble as Trump comments rattle investors

  • 📰 FT
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Markets also fret over report that US is looking to impose tougher semiconductor trade restrictions on China

Semiconductor stocks tumbled on Wednesday after former US president Donald Trump said Taiwan should pay for its own defence and the US was reported to be considering tougher restrictions on trading chips with China. The tech-heavy Nasdaq Composite index fell 2.8 per cent in New York, marking its worst day since December 2022. The S&P 500 index was 1.4 per cent lower, ending a three-session winning streak.

“If the rotation from outperforming tech morphs into a bigger rout in the megacap stocks that have been driving the bus , then there is really no place for investors to hide,” he added.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 113. in FR

France Dernières Nouvelles, France Actualités