Frankfurt US investors went into reverse on Monday following increased Russian attacks on Ukraine and semiconductor export controls to China. The Dow Jones index of standard values closed 0.3 percent lower at 29,202 points. The broad S&P 500 lost 0.7 percent to 3612 points.
The tech-heavy Nasdaq fell one percent to 10,542 points. Export restrictions to China imposed by the USA pushed prices down here. Among other things, companies are no longer allowed to supply systems for the production of high-quality computer chips. Papers from the semiconductor companies Intel, Nvidia, Qualcomm, Micron Technology and Advanced Micro Devices fell by up to 5.2 percent. “The measures will hamper China’s chip sector, thwart growth plans and potentially slow down innovation in both East and West,” warned analyst Danni Hewson of brokerage house AJ Bell.
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