Chinese semiconductor shares tumble after US export controls
Stock prices of companies like Semiconductor Manufacturing International Corp. and Hua Hong Semiconductor fell sharply on Monday, after the Biden administration introduced new export controls, including a measure to cut China off from chips made anywhere in the world with US equipment. This is part of a push from Washington to slow Beijing's technological progress. Also in this edition, we'll get the latest on the labour dispute that has disrupted supply to a third of all French petrol stations.
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Stock prices of companies like Semiconductor Manufacturing International Corp. and Hua Hong Semiconductor fell sharply on Monday, after the Biden administration introduced new export controls, including a measure to cut China off from chips made anywhere in the world with US equipment. This is part of a push from Washington to slow Beijing's technological progress. Also in this edition, we'll get the latest on the labour dispute that has disrupted supply to a third of all French petrol stations.
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