{"id":49779,"date":"2019-05-22T13:53:37","date_gmt":"2019-05-22T17:53:37","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=49779"},"modified":"2019-05-22T13:53:37","modified_gmt":"2019-05-22T17:53:37","slug":"semiconductor-sector-drags-market-lower","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2019\/05\/semiconductor-sector-drags-market-lower\/","title":{"rendered":"Semiconductor Sector Drags Market Lower"},"content":{"rendered":"

Hello traders everywhere. Semiconductor stocks fell after the ruling that Qualcomm used its dominant position to exact excessive licensing fees, a decision that could shake up the broader smartphone industry. Qualcomm (QCOM) fell -12%, while other chip stocks also dropped which in-turn has pulled the overall market as we head into afternoon trading. <\/p>\n

Today's declines followed a Tuesday rebound for chip stocks after the White House granted temporary exemptions to an export blacklist against Huawei Technologies, potentially easing U.S.-China tensions as the two sides seek to get trade talks back on track. Some analysts expect trade-related swings to continue until investors get more clarity on escalating tariff threats by both sides.<\/p>\n

\"Semiconductor\"<\/a><\/p>\n

On the trade war front, Treasury Secretary Steven Mnuchin told CNBC's Ylan Mui that a trip to Beijing to retake trade negotiations has not been scheduled yet. This lowered hope of a speedy resolution to the U.S.- China trade war.<\/p>\n

President Donald Trump followed through with his threat to increase tariffs on $200 billion in Chinese goods from 10% to 25% earlier this month. China immediately responded by upping the tariffs on $60 billion of U.S. goods to as high as 25%.<\/p>\n

Key Levels To Watch This Week:<\/h2>\n

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