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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