{"id":127207,"date":"2026-05-15T09:33:00","date_gmt":"2026-05-15T05:33:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127207"},"modified":"2026-05-15T09:20:27","modified_gmt":"2026-05-15T05:20:27","slug":"asian-chip-stocks-crash-as-u-s-snubs-sales-talk-kospi-plunges-3-5-despite-trump-xi-charm-offensive","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/asian-chip-stocks-crash-as-u-s-snubs-sales-talk-kospi-plunges-3-5-despite-trump-xi-charm-offensive\/05\/15\/market-updates\/","title":{"rendered":"Asian Chip Stocks Crash as U.S. Snubs Sales Talk: KOSPI Plunges 3.5% Despite Trump-Xi Charm Offensive"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>KOSPI tumbles:<\/strong> South Korea&#8217;s index plunged 3.5% \u2014 the worst performer in Asia \u2014 on steep losses in major chipmaking stocks.<\/li>\n\n\n\n<li><strong>Chip exports not discussed:<\/strong> U.S. Trade Representative Jamieson Greer told Bloomberg that chip export controls weren&#8217;t part of Thursday&#8217;s U.S.-China talks.<\/li>\n\n\n\n<li><strong>Decision left to Beijing:<\/strong> Greer said it&#8217;s up to China to decide whether it wants to buy U.S. chips.<\/li>\n\n\n\n<li><strong>Asian chipmakers fall:<\/strong> Tokyo Electron and Advantest dropped between 1% and 6%.<\/li>\n\n\n\n<li><strong>H200 reports overshadowed:<\/strong> Thursday&#8217;s report that Nvidia could sell H200 chips to 10 Chinese companies failed to sustain enthusiasm.<\/li>\n\n\n\n<li><strong>S&amp;P 500 futures dip:<\/strong> U.S. futures fell 0.2% as chipmakers looked set to reverse recent gains.<\/li>\n\n\n\n<li><strong>Chinese markets steady:<\/strong> CSI 300 and Shanghai Composite traded flat near 4\u00bd-year and 11-year highs.<\/li>\n\n\n\n<li><strong>More Trump-Xi talks ahead:<\/strong> Additional meetings between the leaders scheduled for Friday.<\/li>\n\n\n\n<li><strong>Oil and Boeing deals?:<\/strong> Trump claimed China agreed to buy U.S. oil and more Boeing jets.<\/li>\n\n\n\n<li><strong>Nikkei drops 1.6%:<\/strong> Japan&#8217;s index slid after PPI blew past estimates, driven by higher oil and chemical prices.<\/li>\n\n\n\n<li><strong>BOJ hike implications:<\/strong> Hot Japanese inflation could prompt a Bank of Japan rate hike.<\/li>\n\n\n\n<li><strong>Hang Seng falls 1%:<\/strong> Hong Kong&#8217;s index dropped on local tech weakness.<\/li>\n<\/ul>\n\n\n\n<p>Most Asian stocks fell on Friday as chipmaking stocks were pressured by doubts over the U.S. allowing more sales to China, with focus remaining squarely on the ongoing summit in Beijing.<\/p>\n\n\n\n<p>Chinese markets steadied near multi-year highs as investors sought more details on talks between President Xi Jinping and U.S. President Donald Trump.<\/p>\n\n\n\n<p>South Korean stocks were the worst performers, falling sharply after a U.S. trade official said U.S. chip export controls were not discussed in detail during recent talks.<\/p>\n\n\n\n<p>Asian markets largely brushed off a positive lead-in from Wall Street, which hit record highs on Thursday as reports of the U.S. allowing more chip sales to China boosted tech stocks.<\/p>\n\n\n\n<p>But S&amp;P 500 futures fell 0.2% in Asian trade, with chipmakers likely to reverse recent gains.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">KOSPI Slides, Chipmakers Fall After U.S. Trade Rep&#8217;s Comments<\/h2>\n\n\n\n<p>South Korea&#8217;s KOSPI was by far the worst performer in Asia on Friday, falling 3.5% on steep losses in major chipmaking stocks.<\/p>\n\n\n\n<p>Other Asian chipmakers also fell, with Japan&#8217;s Tokyo Electron Ltd. and Advantest Corp. losing between 1% and 6%.<\/p>\n\n\n\n<p>U.S. Trade Representative Jamieson Greer told Bloomberg that Thursday&#8217;s U.S.-China talks did not discuss chip export controls, and that it was up to Beijing to decide on whether it wanted to buy U.S. chips.<\/p>\n\n\n\n<p>Greer&#8217;s comments largely overshadowed a Thursday report which said NVIDIA Corporation was allowed to sell its H200 chip to 10 Chinese companies. While the report did note that no actual sales were made so far, chipmaking stocks had rallied sharply on Thursday.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Chinese Stocks Steady, More Trump-Xi Talks on Tap<\/h2>\n\n\n\n<p>China&#8217;s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes were flat, remaining close to their respective 4\u00bd-year and 11-year highs hit earlier this week.<\/p>\n\n\n\n<p>Focus was squarely on more talks between Trump and Xi, scheduled for later on Friday. The two leaders had met on Thursday and had flagged hopes for improving relations between the world&#8217;s biggest economies.<\/p>\n\n\n\n<p>Trump claimed in a Fox News interview that China had agreed to buy U.S. oil, and had also agreed to purchase more Boeing jets. Separately, China&#8217;s foreign ministry said Trump and Xi had reached consensus on several topics, although details remained unclear.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Broader Asia Mixed<\/h2>\n\n\n\n<p>Broader Asian markets mostly fell, with Japan also coming under pressure from a hot inflation reading.<\/p>\n\n\n\n<p>Japan&#8217;s Nikkei 225 index slid 1.6%, while the TOPIX lost 0.3% after data showed producer price index inflation blew past estimates in April. The print was largely driven by higher oil and chemical prices stemming from the Iran conflict, and pointed to a broader increase in Japanese inflation that could elicit an interest rate hike from the Bank of Japan.<\/p>\n\n\n\n<p>Hong Kong&#8217;s Hang Seng index fell 1% on losses in local tech shares, while Singapore&#8217;s Straits Times index shed 0.1%.<\/p>\n\n\n\n<p>Australia&#8217;s ASX 200 was flat, while India&#8217;s Nifty 50 index added 0.4% in early trade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways KOSPI tumbles: South Korea&#8217;s index plunged 3.5% \u2014 the worst performer in Asia \u2014 on steep losses in major chipmaking stocks. Chip exports not discussed: U.S. Trade Representative Jamieson Greer told Bloomberg that chip export controls weren&#8217;t part of Thursday&#8217;s U.S.-China talks. Decision left to Beijing: Greer said it&#8217;s up to China to &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[6849,6851],"class_list":["post-127207","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates","tag-asia","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=127207"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127207\/revisions"}],"predecessor-version":[{"id":127208,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127207\/revisions\/127208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31994"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=127207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}