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.
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Why China’s biggest memory chip maker CXMT that made Apple seek ‘special permission’ from the US government is ‘scaring’ Chinese investors
