Asian Stocks to Fall as Chip Selloff Gains Steam: Markets Wrap

Category: Finance

Asian shares declined due to a broad tech selloff driven by concerns over tighter US restrictions on chip sales to China. Japan and South Korea experienced the most significant losses, with Tokyo Electron Ltd. dropping almost 11% and Taiwan Semiconductor Manufacturing Co. shedding 3.4%.

Keywords: Asian shares, tech selloff, US restrictions, chip sales, Japan, South Korea, Tokyo Electron Ltd., Taiwan Semiconductor Manufacturing Co.

Source: Bloomberg

Update At: 7/18/2024

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