memory chip maker micron. it accuses the manufacturer of failing its network security review and therefore poses a serious security risk. china launched a review into micron s products in march this is the first big measure against a us semiconductor group. this follows similar moves in washington last year when it introduced chip export controls on china in october the netherlands and japan have since followed. let s go to our asia business hub for the details on this katie silverjoins me now. tell us more about china s decision. tell us more about china s decision- tell us more about china s decision. . , decision. that s right, so as ou sa decision. that s right, so as you say it decision. that s right, so as you say it does decision. that s right, so as you say it does seem - decision. that s right, so as you say it does seem to - decision. that s right, so as you say it does seem to be | you say it does seem to be something of a retaliatory move. it s the fir
Asian equities ended the week with a thud, with Indonesia and Pakistan closed for Eid al-Fitr. The US dollar was a wrecking ball overnight, causing the Asia Dollar Index to decline by -0.19% as the South Korean Won underperformed by -0.89% overnight, with the US 10-year Treasury yield over 4.5%.
Asian equities were mixed overnight following a rough day in US stocks, which fell due to hot US inflation, providing further reinforcement to the higher-for-longer narrative.
Asian equities were mixed overnight on light volumes in advance of US inflation data tomorrow, with Indonesia, Malaysia, and the Philippines closed for holiday.