Surging chip stocks warp global markets
Surging chip stocks are warping stock markets globally. US-based Micron Technology on Tuesday hit a $1 trillion market value on strong demand for its memory chips; the tech-driven surge pushed US stock indices to new highs, despite the latest US strikes on Iran. Chip giant TSMC’s rally largely drove Taiwan to become the world’s fifth-largest equity market this week, surpassing…
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