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Market move▼ Bearish for Indian equities
Chinese Stocks Hit One-Year Low as Chip, Optical Firms Slide
The brief
- Chinese shares touched a one-year low, led by a selloff in technology firms
- The selloff followed a report that authorities may allow purchases of Nvidia’s new chips
- TakeMe2Space plans orbital data centre launch on Falcon 9 in 2028
- Micron could dethrone Nvidia and become the biggest driver of S&P 500 profit growth
- EvoFox Ghost X Pro Tri-Mode Wireless Gaming Mouse review
- Gigabyte and Capcom launch Street Fighter 6 custom PC mod giveaway in India
- RTX 5090, once a consumer gaming card, is now on smugglers’ menu alongside cigarettes
China weighs Nvidia chip purchases
China’s industry ministry asked ByteDance, Alibaba and other companies to report plans to buy Nvidia chips. A report that authorities may allow purchases was followed by a selloff in Chinese technology stocks.
Monday, 28 September
- Chinese Stocks Hit One-Year Low as Chip, Optical Firms Slide