Chinese tech stocks fall as US export restrictions increase chip sector hurdles

By Josh Horowitz and Jason Zew SHANGHAI (Reuters) – Shares in Chinese technology giant Alibaba (9988.HK) and Tencent (0700.HK) So did chip makers on Monday, as investors spooked new US export control measures aimed at slowing Beijing’s technological and military advances. The Biden administration published a comprehensive set of export controls on Friday, including a … Read more

US aims to hamper China’s chip industry with sweeping new export rules

(Reuters) – The Biden administration on Friday published a comprehensive set of export controls, including a measure to isolate China from some semiconductor chips made anywhere in the world with U.S. equipment, dramatically expanding their reach in an effort to slow technology in Beijing. and military progress. The rules, some of which take effect immediately, … Read more

Wall Street closed lower as the Fed pound exchange rate rose

Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow Jones down 1.15%, Standard & Poor’s 1.02%, Nasdaq 0.68% Oct 6 (Reuters) – Wall Street’s main indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payroll numbers … Read more

Samsung profits fell due to the rapid decline in demand for chips

Samsung’s estimated third-quarter profit is 10.8 trillion won, down 32% year-on-year The conditions of the financial memory chips deteriorated at the speed of the analyst A high-end phone requires a more flexible analyzer SEOUL, Oct. 7 (Reuters) – Samsung Electronics Co., Ltd. (005930.KS) It cited a worse-than-expected 32% drop in quarterly operating profit on Friday, … Read more

Nasdaq boosted by Tesla, interest rate hike fears remain

Tesla gains on plans to increase production The main indicators are set for the third consecutive quarterly decline Nike backtracks on margin warning and drags sports equipment makers The Dow is down 0.36%, the S&P is flat, and the Nasdaq is up 0.32%. Sept 30 (Reuters) – The Nasdaq rose on Friday as Tesla rose … Read more