Stocks sink as technology rally fades

A seven-day surge in technology stocks has ended after President Donald Trump blocked Singapore-based chipmaker Broadcom's effort to buy Qualcomm.

Stocks sink as technology rally fades
Tue, 13 Mar, 2018 - 22:27

A seven-day surge in technology stocks has ended after President Donald Trump blocked Singapore-based chipmaker Broadcom's effort to buy Qualcomm.

President Trump said he opposed the $117 billion (€95 billion) deal because it could have been detrimental to national security.

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CourtsHeathrowPlace: SingaporePlace: USPerson: President Donald TrumpPerson: President TrumpPerson: Gina Martin AdamsOrganisation: BroadcomOrganisation: QualCommOrganisation: Labour DepartmentOrganisation: Bloomberg IntelligenceOrganisation: NasdaqOrganisation: Committee for Foreign Investment
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