Japan's Chip Shares Slide on Report of Stricter US China Curbs
Tokyo Electron, which made 44% of its revenue in China last fiscal year, dropped as much as 4.4%, the most in two weeks, after the Bloomberg report. Fellow chip gear makers Advantest Corp. and Kokusai Electric Corp. also extended their decline to fall more than 5% at one point in morning trading, with Screen Holdings Co. dropping as much as 4.4%.
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