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Asian Shares Mixed Amid China Chip Woes

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Asian stocks ended mixed on Monday after reports suggested that Apple has put on hold plans to use memory chips from China's Yangtze Memory Technologies Co. in its products.

The report comes just a week after the White House unveiled sweeping regulations that limit the sale of semiconductors and chip-making equipment to Chinese customers.

Meanwhile, the iPhone manufacturing hub of Zhengzhou locked down one of its most-populated districts to tame a virus flare-up as President Xi Jinping signaled no change to the Covid-Zero policy.

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