"Tech Stocks Slide as ASML Export Blockage to China Sparks Sector Sell-Off"
ARM Holdings and AMD stocks dropped significantly due to a broader tech sell-off and geopolitical tensions affecting the semiconductor industry. ARM's shares decreased by over 8%, while AMD's fell by more than 6%. The sell-off was influenced by the Dutch government's decision to revoke an export license for ASML's lithography systems to China, which led to a response from China urging the Netherlands to protect bilateral trade interests. Despite previous gains, the semiconductor sector faced pressure amid these developments.