ASML Stock Alert: ASML Rocks Chip Stocks with China Warning

Dutch chip production equipment giant ASML (NASDAQ:ASML) and shares of all chipmakers are being dragged down today on a warning about President Joe Biden and his administration’s new export restrictions to China. Geopolitical tensions are also hurting chip stocks after Republican candidate former President Donald Trump said that Taiwan should pay for the U.S. defense of its island.ASML stock is down 10% as of this writing at $959 per share and a market capitalization below $400 billion. However, shares are ...