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Home News Foreign exchange Information China, HK Inventory Markets Plunged Monday, 10 October 2022 – US Chip Restrictions Cited | Forexlive

Foreign exchange Information China, HK Inventory Markets Plunged Monday, 10 October 2022 – US Chip Restrictions Cited | Forexlive

by Annette YOUNG
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forex-news-china,-hk-stock-markets-plunged-monday,-10-october-2022-–-us-chip-restrictions-cited-|-forexlive

Eamonn Sheridan - WatanNews

On Friday the US introduced even tighter restrictions on the sale of semiconductors and chipmaking tools to China.

  • measures included the requirement that superior computing chips, together with these utilized in synthetic intelligence and high-performance computing, and manufacturing tools can’t be bought to China with out a license

In impact which means prohibiting the cargo of semiconductor manufacturing tools and superior chips to Chinese language firms. The way it impacts international firms working in China stays to be seen however apparently an evaluation can be made on a case-by-case foundation.

China shares dropped, arduous. The Shanghai Composite is down round 1.6%. HK’s Grasp Seng is down round 2.8%.

Shanghai Composite weekly chart:

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