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Asian tech stocks plummeted for a second day on Thursday amid escalating trade tensions, driven by concerns over potential US restrictions on chip sales to China. The selloff was led by chip stocks, with markets in Japan and South Korea experiencing significant declines. The Topix index in Japan fell 1.2%, further weighed down by a stronger yen. The yen surged to a six-week high as investors reacted to the possibility of tighter US curbs on exports of advanced semiconductor technology. This follows a report that the US is considering the harshest trade rules against chip-gear companies that continue providing China access to advanced tech. The selloff tracked a heavy decline on Wall Street.
This was exclusive from @technology : US is considering the harshest trade rules against chip-gear companies that continue giving China access to advanced tech https://t.co/g5FcvW81hl There was a big selloff in chip stocks across the globe https://t.co/5NRP87PW4y
🔵 ASIA TECH STOCKS SKID ON DEEPENING SINO-US CHIP WAR Chip stocks in Asia tumbled on Thursday, tracking a heavy selloff on Wall Street spurred by a news report that the United States was mulling tighter curbs on exports of advanced semiconductor technology to China. Full… https://t.co/50RFPTMIuR
Asian tech stocks fell for a second day on concerns over tighter US curbs on chip sales to China https://t.co/BEWrewwunz
