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Headline : Chip stocks drop on fears US to toughen China rules

Read more from the original article on here at www.bbc.com.





Tags : #chip #stocks #drop #fears #us #toughen #china #rules


No. of Paragraph 23

Technology stocks around the world have slumped on fears about the global computer chip industry.

The sell-off came after a report that the Biden administration could be set to further tighten restrictions on exports of semiconductor equipment to China.

Comments by former US President Donald Trump that Taiwan, the biggest producer of chips, should pay for its own defence added to the concerns.

In the US, the tech-heavy Nasdaq index closed 2.7% lower on Wednesday, while chip stocks have also tumbled in Europe and Asia.

Read more from the original article on here at www.bbc.com.


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