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China tech

SMIC shares touch 4-month low over US export curbs

China's top chipmaker acknowledges blow in growing tech war

SMIC's Shanghai headquarters. The Chinese chipmaker's shares have taken a hit from U.S. export restrictions. (Photo by Yusho Cho)

GUANGZHOU -- Shares in Semiconductor Manufacturing International Corp. dropped Monday in Hong Kong after the company warned of adverse effects from new U.S. export restrictions, part of the countries' growing decoupling on technology.

China's top chip producer fell nearly 8% at one point to a roughly four-month low. The stock ended the session down 4.6% at 17.28 Hong Kong dollars.

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