Semiconductors are the fourth most traded good globally and impact a host of consumer goods. Semiconductor supply chain is complex, with different economies dominating different parts. US administration is conducting investigations into semiconductor supply chains; threatening tariffs.
Euro Stoxx 50 is stabilizing after a strong V-shaped rebound from April lows, with technical signals hinting at renewed upside momentum. Key support at 5265 could pave the way for a climb toward 5435 and possibly retest the March peak, Société Générale's FX analysts note.
Chinese Commerce Ministry said in a statement on Friday that “China and US stepping up efforts to implement the outcomes of the London framework.”