Tech Stocks Plunge Amid China Trade Curbs and Earnings Woes
TL;DR Summary
US stock futures, particularly the tech-heavy Nasdaq 100, are set to decline sharply due to concerns over potential US export curbs on China and Donald Trump's comments on Taiwan. The Biden administration is considering tougher restrictions on advanced chip technology exports to China, affecting companies like Nvidia and ASML. Additionally, Trump's stance on Taiwan has impacted TSMC's shares. Despite these pressures, strong corporate earnings and upcoming economic data could influence market sentiment.
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