US-China tensions have risen amid reports that the US is considering banning components for a big Chinese chipmaker
US-China tensions have risen amid reports that Washington is considering banning components for a big Chinese chipmakerThe morning, with investors considering US-China tensions and whether last week’s tech sell-off will continue.
Though SMIC’s stock has fallen 15% in Hong Kong on Monday, the fallout has been contained, said Oanda senior market analyst Jeffrey Halley in a note. Markets were volatile last week, when tech stocks were pummeled by what many analysts called a correction, given many of the world’s largest tech stocks have fared well in 2020.
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