Tech stocks slide in Asia amid US semiconductor sales concerns
Asian tech stocks, including Tokyo Electron and Samsung, dipped due to fears of stricter US limits on semiconductor sales to China. Market sentiment, rather than fundamental issues, drove the declines, despite a year of strong sector performance. Geopolitical tensions and potential trade restrictions added to investor concerns, impacting global tech stocks broadly.
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By Kurt Schussler and Winnie Hsu
Asian technology stocks fell for a second day on concerns over risks of tighter US curbs on semiconductor sales to China.
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