January 29, 2025 18:15 GMT
GLOBAL: Equities Extend Lows amid Reports on Tighter Curbs on Nvidia Chip Sales
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- "Trump Officials Discuss Tighter Curbs on Nvidia China Sales" (BBG)
- From the Bloomberg report: “Trump administration officials are exploring additional curbs on the sale of Nvidia Corp. chips to China, according to people familiar with the matter, who emphasized that conversations are in very early stages as the new team works through policy priorities.”
- The latest headline contributing to stocks gapping to new session lows: S&P E-Mini futures down 46.25 points (-0.76%) at 6051.25 and the Nasdaq down 236.4 points (-1.2%) at 19500.08. In most recent trade, major indices appear to be stabilising with the FOMC decision in sight.
- Nvidia has argued that restrictions will hurt US companies and reinforce China's determination to become independent of US technology.
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