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International Business Times
International Business Times
Business
AFP News

Asian Markets Drop With Wall St As Biden Sparks Fresh Chip Fears

Donald Trump the White House China Semiconductor Taiwan United States ASML Nvidia Tokyo Electron TSMC
The chip sector has become a major geopolitical battleground for the United States and China (Credit: AFP)

Asian markets sank with Wall Street on Thursday after a warning from the White House that it would target firms supplying China with key semiconductor technology, and Donald Trump's comments on crucial chip supplier Taiwan.

The dollar remained subdued following its latest retreat caused by growing expectations that the Federal Reserve will cut interest rates at least once this year.

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