Global stock markets rocked by potential US crackdown on chipmakers | Stock markets
Global stocks fell on Wednesday as technology shares sank after a report said the US plans tighter import controls on companies that share chipmaking technology with China.
London’s FTSE 100 edged 0.1% higher to 8,169.24 as data showed the inflation rate remained steady at the Bank of England’s 2% target in June. That hit hopes for a central bank rate cut, though the better-than-expected data pushed the British pound above $1.30 early on Wednesday.
Germany’s DAX lost 0.3% to 18,615.00 and the CAC 40 in Paris declined 0.1% to 7,568.69. The future for the S&P 500 sank 0.7% and that for the Dow Jones Industrial Average was down 0.1%.
A report by Bloomberg that the US plans tighter import controls on companies that share chipmaking…
