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Semiconductor stocks plummet
Semiconductor stocks tumbled in on Monday, extending a recent decline as the escalating trade war between the U.S. and China added to headwinds surrounding the sector.
Chipmakers were broadly weaker, with the Philadelphia Semiconductor Index down 3.6% in its fifth straight daily decline, its longest such losing streak since October. [Bloomberg]
Semiconductor stocks tumbled in on Monday, extending a recent decline as the escalating trade war between the U.S. and China added to headwinds surrounding the sector.
Chipmakers were broadly weaker, with the Philadelphia Semiconductor Index down 3.6% in its fifth straight daily decline, its longest such losing streak since October. [Bloomberg]
