U.S. stocks slid from record highs on Wednesday as tech shares came under dual pressure from export restrictions on China and concerns over President Donald Trump’s stance on Taiwan.
Dow Jones Industrial Average (^DJI) fell about 0.1%, while the S&P 500 (^GSPC) fell nearly 1%, while the tech-heavy Nasdaq Composite Index (^IXIC) fell more than 1.6%.
The stock price is Risks for tech stocks Eclipse Expectations for interest rate cuts rise have Raising the rally Recently, those concerns have weighed heavily on some of the big-name investors who have benefited from AI profits. The S&P 500 will hit new highs this yearchipmaker Nvidia (NVDA) fell about 4% at the start of trading.
The Biden administration has told allies it is considering imposing tougher restrictions on companies supplying advanced semiconductor technology to China despite existing export controls. Bloomberg reportedASML shares (ASML, ASML.AS) has been identified as a potential target. Falling by more than 8% Named after a Dutch chip gear manufacturer Posts strong quarterly profit.
Meanwhile, Republican candidate Trump questioned U.S. defense assistance to Taiwan. Bloomberg interview, China has suggested that the islands it claims should pay for the U.S. defense.TSMC, 2330.TW) shares fell by more than 6%, Nearly $30 billion lost Taiwan’s stock market value rose as Taiwan’s stock prices fell.
live2 Updates
