Why China's biggest memory chip maker CXMT that made Apple seek 'special permission' from the US government is 'scaring' Chinese investors
China's ChangXin Memory Technologies plans an $8.6 billion Shanghai IPO. Investors are selling other tech shares to fund this highly anticipated listing. This move is creating fears of a short-term liquidity squeeze in the market. Experts believe CXMT's listing will significantly impact semiconductor indices. However, other factors also contribute to the current weakness in Chinese tech stocks.
China's ChangXin Memory Technologies plans an $8.6 billion Shanghai IPO. Investors are selling other tech shares to fund this highly anticipated listing. This move is creating fears of a short-term liquidity squeeze in the market. Experts believe CXMT's listing will significantly impact semiconductor indices. However, other factors also contribute to the current weakness in Chinese tech stocks.
