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US restrictions on chip sales to China and ongoing tariff uncertainty battered tech stocks, causing global shares to fall sharply.
Global shares fell sharply on Wednesday as US restrictions on chip sales to China and continued tariff uncertainty battered tech stocks, while gold traded at record highs and support for the dollar continued to erode.Washington issued new export licensing requirements for sales to China of Nvidia’s H20 and AMD’s MI308 artificial intelligence chips. Nvidia said the move would cost it US$5.5 billion and its shares slumped nearly 7%.MSCI’s gauge of stocks across the globe fell about 1.5%.
Chip-Sales-Restrictions Federal-Reserve-Policy Global-Market-Volatility Gold-Price-Surge Gold-Record-High Nvidia-Stock-Drop Tariff-Uncertainty Tech-Shares-Decline Trade-Deal-China
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