Huawei CFO arrest sends global chip stocks plunging; AMS slides 7%

Huawei CFO arrest sends global chip stocks plunging; AMS slides 7%

7 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2018/12/06/huawei-cfo-arrest-sends-global-chip-stocks-plunging.html

Global chip stocks tumbled on Thursday as the arrest of a top executive at Chinese tech giant Huawei renewed fears of an escalation in U.S.-China trade tensions.

Shares of Austrian chipmaker AMS plunged around 7 percent. Switzerland-based STMicroelectronics dropped 4 percent, while the U.K.- headquartered Dialog Semiconductor slumped around 3 percent.