Asia chip stocks tumble amid news the U.S. may consider trade curbs
Publishing timestamp: 2024-07-18 02:32:12
Summary
TSMC shares fell due to potential export restrictions on chipmaking equipment to China, impacting other chip-related stocks in Asia. Despite short-term challenges, long-term buying opportunities remain for investors. US considering tighter export restrictions may create negative pressure on stocks in the short term. Foreign Direct Product Rule may hinder non-US companies. Spillover effect from Wall Street declines seen in Asian tech stocks. Trump suggested Taiwan should pay US for defense and blamed Taiwan for taking America's chip business.
Sentiment: MIXED
Tickers: 7735.T-JP, ARM, 8035.T-JP, 2330-TW, .FKRX300, 6368.T-JP, AMD, UNDEFINED, AVGO, NVDA, HXSCL, MRVL, ASML-NL, 4186.T-JP, QCOM,
Keywords: joe biden, donald trump, business news, taiwan semiconductor manufacturing co ltd, breaking news: technology, politics, asia economy, asml holding nv, sk hynix inc, tokyo electron ltd, screen holdings co ltd, samsung electronics co ltd, organo corp, tokyo ohka kogyo co ltd, technology,