A painful side effect of the continued chip shortage narrative:
A warning in state media Friday that regulators will show no tolerance in cracking down on speculators in the chip market sent related stocks lower on Monday.
China’s biggest chip foundry Semiconductor Manufacturing International Corp. dropped 5% in Hong Kong, while Hua Hong Semiconductor Ltd. tumbled 5.7% in its worst drop in nearly three months. Shanghai-listed Will Semiconductor Co. fell 5.7%, while Hubei Tech Semiconductors Co. was down 3.3%.
finance.yahoo.com
A warning in state media Friday that regulators will show no tolerance in cracking down on speculators in the chip market sent related stocks lower on Monday.
China’s biggest chip foundry Semiconductor Manufacturing International Corp. dropped 5% in Hong Kong, while Hua Hong Semiconductor Ltd. tumbled 5.7% in its worst drop in nearly three months. Shanghai-listed Will Semiconductor Co. fell 5.7%, while Hubei Tech Semiconductors Co. was down 3.3%.
Chinese Chipmakers Slump as Beijing Sends Speculation Warning
(Bloomberg) -- China’s microchip industry is feeling the heat of Beijing’s regulatory scrutiny.A warning in state media Friday that regulators will show no tolerance in cracking down on speculators in the chip market sent related stocks lower on Monday.China’s biggest chip foundry Semiconductor...
finance.yahoo.com