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Economy3 d ago2 min read

Nasdaq Plunges Following News of China's Chip Technology Breakthrough

A significant sell-off in semiconductor stocks led to Nasdaq's early decline, bringing it close to correction territory. This fall followed reports of China's breakthrough in chip manufacturing technology.

economics

ReportageGO · ECON

ReportageGO

By · ReportageGO

Nasdaq fell early as the chip sell-off deepened. A significant sell-off in semiconductor stocks led to a decline in the Nasdaq index during the early trading session.

This decline brought the Nasdaq index closer to correction territory.

This decline occurred after news of China's breakthrough in chip manufacturing technology.

According to Charles Schwab, these changes in the markets intensified concerns regarding the semiconductor sector.

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