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Asian stocks sink as US-China trade tensions spark technology rout

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Asian stocks sink as US-China trade tensions spark technology rout

Investing.com-- Most Asian stocks fell on Thursday, with losses centered around technology and chipmaking shares as the threat of more U.S. restrictions on China ramped up concerns over a renewed trade war between the countries.

The Bloomberg report said that the U.S. is considering stricter trade restrictions on China if companies including Tokyo Electron and ASML Holding NV ADR , which is also considered a bellwether for the chip industry, clocked stronger-than-expected earnings on Wednesday, as it benefited from AI-fueled demand.fell 0.3%, retreating from record highs as a substantially stronger-than-expected reading on the labor market pushed up concerns over higher interest rates in the country.

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