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US trade restriction on Nvidia sends markets tumbling again

  • US stocks fell after Donald Trump imposed new trade restrictions on Nvidia, causing a sell-off across the semiconductor industry.
  • Nvidia's shares dropped about 6% as the company expects a $5.5bn hit due to the new license requirements.
  • The trade restriction will also affect rival chip business Advanced Micro Devices (AMD), with their shares down 6.2%.
  • The World Trade Organization warned that Trump's tariffs will reverse international trade and depress global economic growth.

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