Tech Stocks Plunge Amid China Trade Tensions and Trump Comments
TL;DR
US stocks fell from record highs on Wednesday, with the S&P 500 and Nasdaq dropping nearly 1% and over 1.6% respectively, due to concerns over US export curbs on China and Donald Trump's comments on Taiwan. Chipmakers like Nvidia and ASML saw significant declines, exacerbated by the Biden administration's potential tougher restrictions on advanced chip technology exports to China.
- Stock market news today: S&P 500, Nasdaq slide as China curb risk rattles techs Yahoo Finance
- US Floats Idea of Tougher Trade Rules in Chip Crackdown on China Bloomberg
- Global chip stocks from Nvidia to ASML fall on geopolitics, Trump comments CNBC
- Stock market news today: S&P 500, Nasdaq futures tumble as China curb risk rattles techs Yahoo Finance
- Nvidia and other chip stocks are falling on trade tensions and Trump’s Taiwan tough talk Quartz
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