China's Done With U.S. Semiconductors, Japan Stocks Collapse As “Asian NATO” PM Wins

China's Done With U.S. Semiconductors, Japan Stocks Collapse As “Asian NATO” PM Wins
China just told local companies to stay away from buying chips from Nvidia. This is a big declaration and isn't a coincidence as Huawei launches its chip to compete. Beijing wants to accelerate its semiconductor race like never before. Meanwhile, Japan stocks took a nasty tumble thanks to the new incoming Prime Minister who is a backer of an "Asian NATO".