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Business Insights Jul 18, 2024

Global trade tensions flare as US accuses China of predatory practices

In a heated session at the World Trade Organization (WTO), the United States launched a scathing attack on China, accusing the Asian giant of employing “predatory” industrial policies causing global trade tensions. The US’s fiery rhetoric was echoed by its allies, including the United Kingdom and the European Union, who criticized China’s market-distorting practices during […]
By Gemma Iso
Business Insights Jul 17, 2024

Trump and geopolitics drag down chip stocks: ASML, Nvidia, TSMC hit

The chips were down with the Biden administration getting tough and Republican presidential candidate Donald Trump talking tough. Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter US export restrictions and Trump’s comments fuelling geopolitical tensions. ASML’s Netherlands-listed shares were down 11%, while Tokyo Electron shares in Japan […]
By Abhijit Nag
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