Semiconductor Massive drop - Will it continue?
Global chip stocks from Nvidia to ASML fall on geopolitics trump comments.
Global chip stocks fell sharply, with ASML
, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fueled by comments from former U.S. President Donald Trump.
ASML’s Netherlands-listed shares were down 11%, while Tokyo Electron
shares in Japan closed nearly 7.5% lower. The moves came after Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China.
Washington’s foreign direct product rule, or FDPR, allows the U.S. to put controls on foreign-made products even if they use the smallest amount of American technology. This can affect non-U.S. companies.
Global chip stocks fell sharply, with ASML
, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fueled by comments from former U.S. President Donald Trump.
ASML’s Netherlands-listed shares were down 11%, while Tokyo Electron
shares in Japan closed nearly 7.5% lower. The moves came after Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China.
Washington’s foreign direct product rule, or FDPR, allows the U.S. to put controls on foreign-made products even if they use the smallest amount of American technology. This can affect non-U.S. companies.
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Money Thrill : Sorry, i read it was Biden instead of Trump? Wrong or right? Restrictions for Europe? ASML ? And soft guidance from ASML. This afternoon a speech with more explanation from ceo asml ? Share in Europe stay at the same price, perhaps waiting at VS markets? Thanks
Money Thrill : The declines followed a Bloomberg report that the Biden administration is weighing tougher restrictions on companies exporting technology to China. Article From moomoo ? I think it was Biden
SPACELIGHT : Will it continue? We don't know.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Silverbat : Both AVGO & NVDA are extremely oversold. Likely back to EMA 20
Money Thrill SPACELIGHT : * do not think Light is in thé edge ... Asml in Europe goes no further down. It stays the same the whole time. Open at 973 and now at 971 same price like yesterday. I think investors are waiting from market opening VS ... but not more panic now, i have faith and do not sell even i bought asml at 500 € ... why sell and then?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Money Thrill Silverbat : Indeed, Silver .... try to follow and learn like me, 4 weeks ago, THE KDJ line ... take 1 month then 3 months... and follow the K line ... very good Indicator ... if K line enter at 10 then extremely oversold. at 80 and more overbought. Now K line at 10. So you have a idea over 3 months and even more![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Money Thrill : Now up green at 875 € + 4 euro.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Money Thrill : more up 877 € + 6 euro![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
now it is 15.24 h in Europe and at 15.30 European time is opening VS market ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
72816919 Money Thrill : both too
Money Thrill : Right, i read it too now ... but i think this is not a good manner for Europe and World. A open economy is thé best for everybody. See what happens with markets ... Billions of losses? ? ?