China’s prized technology sector bore the brunt of market fury as Trump’s proposed tariffs specifically targeted advanced semiconductors and AI infrastructure.
Sector Breakdown:
- Semiconductors:
- SMIC: -15%
- Hua Hong: -12%
- $7B in market cap erased
- EV Makers:
- BYD: -9%
- NIO: -12%
- XPeng: -11%
- AI Companies:
- SenseTime: -18%
- CloudMinds: -14%
Supply Chain Risks:
- 45% of Chinese chip exports face tariffs
- US tool restrictions could cripple production
- Alternative markets insufficient
