The Bellwether Semiconductor Manufacturing International Corp fell as much as 5.2% in Hong Kong on Monday, the most since 15 August. Declines were steeper in smaller stocks compared to a drop of 6.1% in the Philadelphia Semiconductor Index on 7 October after strong labour market data reinforced expectations for more aggressive interest rate hikes by the Federal Reserve.
US measures include restrictions on the export of some types of chips used in artificial intelligence and supercomputing, and also tighter rules on the sale of semiconductor equipment to any Chinese company. Separately, the US also added more Chinese firms to aof companies that it regards as “unverified”, which means US suppliers will face new hurdles in selling technologies to those entities.
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Business Maverick: Stocks slump as rate-hike outlook damps sentiment: markets wrapShares opened the week lower amid intensifying concern over the impact of tightening monetary policy after strong labour market data reinforced expectations for more aggressive interest rate hikes from the Federal Reserve. Why not let the business cycle run it's course. If the Government stopped borrowing more and printing more, then there would not be inflation.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »
Business Maverick: Truss prepares battle with cabinet and MPs to quash Tory rebellionBritish Prime Minister Liz Truss is preparing for battle with her Conservative Party as she gears up for crunch meetings with backbench MPs and her cabinet in a bid to quash any attempt at rebellion just one month into her UK premiership. We've got some serious problems in SA, but at least we don't have this awful woman
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »
Investors pile into cannabis stocks after Biden announces federal pardons for marijuana possession | BusinessinsiderInvestors piled into cannabis stocks after President Joe Biden announced federal pardons for simple marijuana possession on Thursday. Including Pelosi speaker of the house who bought into stocks 4 days before the announcement. Just saying BISouthAfrica 😂🤣😂🤣🤣 they were doing it privately
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US tries to hobble China chip industry with new export rules - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Biden administration published a sweeping set of export controls on Friday, including a measure to cut China off from certain semiconductor chips made anywhere in the world with US equipment, vastly expanding its reach in its bid to slow Beijing's technological and military advances. ...economic sabotage/jealousy...what happened to economic freedom espoused by the 'leader of the free world'!
출처: SABCNews - 🏆 37. / 51 더 많은 것을 읽으십시오 »