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‘Picks and shovels’ trade comes unstuck as AI hardware stocks plunge on competitive threat from China

Asian stocks sold off sharply on Tuesday amid reports that China is now capable of manufacturing DUV lithography machines.

‘Picks and shovels’ trade comes unstuck as AI hardware stocks plunge on competitive threat from China

Published July 28, 2026 · Category: Finance

Overview

Asian stocks sold off sharply on Tuesday amid reports that China is now capable of manufacturing DUV lithography machines.

Source

Originally published at www.marketwatch.com.

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