Chip stocks pop ahead of US-China trade talks
Chip stocks were on the move Monday as investors looked ahead to US-China trade talks kicking off in London today.
Tensions between the two nations are still high, but both sides are under mounting pressure to find common ground, especially when it comes to the hot semiconductor market. China dominates the global supply of rare-earth minerals used in chipmaking, while the US has clamped down on exports of advanced chip design software and equipment to Chinese companies.
Any sign of easing could help reset optimism for the sector. The VanEck Semiconductor ETF was up over 2% Monday morning, lifted by names including: