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Reports: Semiconductor Giants Exempt from China Ban
The Dutch company ASML is leading a semiconductor rally on the stock exchange after a report that the company will be exempt from the US export restrictions to China. President Joe Biden's government plans to present new rules next month to expand the US authority to stop exports of equipment using American technology to Chinese semiconductor manufacturers, according to Reuters, citing sources.
The record rally on Wall Street slows down
Wednesday's trading marked the end of the recent record-breaking slump on the New York Stock Exchange. Concerns about possible disruptions in trade with China hit chip companies and indexes fell to their worst levels in several months.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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