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E.U. stocks down across the board, chip stocks lead the way

  • Regular
  • Economy
  • 6 days ago
  • 8

Following the arrest of Huawei’s CFO global chip stocks have taken a huge hit.

In Europe Austrian chipmaker AMS went down 7% while Swiss brand STMicroelectronics dropped 4%.

U.K. based Dialog Semiconductor also fell 3%.

Stocks were not spared either as the growing concern of the standoff between Washington and Beijing sent most of the bloc’s sectors and bourses in negative territory.

 

 

 

 

 

 

Source: Smart Trend Team