(Bloomberg) — Stocks sellers didn’t show much discretion Thursday as the major indexes tumbled. But the outsize chipmaker rout may have had its origin in a move by China.The Philadelphia Semiconductor Index fell 5.7% Thursday, its worst session since mid-June, following news that China is planning a sweeping set of new government policies to develop its domestic semiconductor industry and counter recent Trump administration restrictions. The decline shaved off about $100 billion in value for the gauge.Major chipmakers posted one of their worst days in months. Shares of Nvidia Corp. tumbled 9.3%, the most since March 16. Broadcom Inc. fell …read more
Source:: Yahoo Finance
