China Tech Shares Fall As U.S. Export Curbs Hinder Chip Sector
On Monday, investors dumped shares of Chinese tech giants Alibaba Group (9988. HK) and Tencent (0700. HK) as well as chipmakers in response to new U.S. export control measures aimed at slowing Beijing’s technological and military advancements. On Friday, the Biden administration released a comprehensive set of export controls, one of which restricted the sale …
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