Chinese semiconductor shares tumble after US export controls

BUSINESS DAILY © FRANCE 24

Stock prices of companies like Semiconductor Manufacturing International Corp. and Hua Hong Semiconductor fell sharply on Monday, after the Biden administration introduced new export controls, including a measure to cut China off from chips made anywhere in the world with US equipment. This is part of a push from Washington to slow Beijing's technological progress. Also in this edition, we'll get the latest on the labour dispute that has disrupted supply to a third of all French petrol stations.