Monday, 27 Jul 2020 11:44 AM MYT
The chipmaker’s gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7 nanometre chip technology. US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use “more creative and assertive ways” to press the Chinese Communist Party to change its ways.
Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.
Source: News Formal (newsformal.com)
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