Chinese Stocks Hit One-Year Low as Chip, Optical Firms Slide
Chinese stock markets reached a one-year low following a technology sector selloff. The decline was driven by reports of potential US sanctions on optical firms and uncertainty regarding Nvidia chip imports.
Chinese shares touched a one-year low as optical companies sank on proposed US sanctions and chipmakers retreated on a report authorities may open the local market further to Nvidia Corp.’s semiconductors.
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