(17 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Taipei, Taiwan – 17 April 2025
1. Tilt up from pedestrians crossing the road to Taipei 101 tower
2. Wide office workers passing the entrance of Taiwan Stock Exchange (TWSE)
3. Wide interior TWSE showroom
4. Close TWSE sign
5. Stock index running on tickers
6. Various stock index numbers showing on the monitors
7. Close main stock index going down 175.55 points or 0.90% to 19292.45
STORYLINE:
Taiwan’s stock market opened lower shortly after opening on Thursday.
Due to the U.S. government’s expansion of export control on NVIDIA’s H20 AI chips to China, the Chinese AI server supply chain is directly impacted, Taiwan’s stock market opened down nearly 200 points.
Some companies are already seeing big effects because of changes from Washington.
At 10:13 a.m. in. Taipei, the Taiwan Stock Exchange dropped 175.55 points or 0.90% to 19292.45.
Nvidia dropped 6.9% after it said the U.S. government is restricting exports of its H20 chips to China, citing worries that they could be used to build a supercomputer. The restrictions could mean a hit of $5.5 billion to Nvidia’s results for the first quarter, covering charges related to inventory and purchase commitments.
Advanced Micro Devices sank 7.3% after it said U.S. limits on exports to China for its own chips may mean a hit of up to $800 million for inventory and other charges.
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