Asian suppliers to companies like Apple and Nvidia have incurred losses due to concerns over U.S. tariffs. Taiwan’s stock market experienced its largest one-day drop on record following the implementation of U.S. tariffs. The selloff was exacerbated by the return from a holiday, leading Taiwan to impose restrictions on short selling to stabilize the market. Apple-linked tech stocks in Asia were particularly hard-hit, reflecting broader global market anxieties over the potential economic impact of tariffs.
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