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On Wednesday, July 17th, global chip stocks experienced a collective plunge. ASML, a chip industry giant, saw its Euro shares drop by over 7%, Tokyo Electron in Japan fell by more than 7%, and TSMC's U.S. pre-market shares dipped by 3%.

European stocks slightly declined, with the three major U.S. stock index futures all falling, with Nasdaq futures down by 1%. The U.S. dollar continued to weaken, with a daily loss against the Japanese yen reaching 1%, while U.S. Treasury yields edged up slightly, and gold, oil prices, and Bitcoin showed strength.

In the U.S. pre-market, AI stocks were hit hard, with NVIDIA and Micron Technology both falling by over 2%, TSMC by more than 3%, AMD by over 2%, and Tesla by more than 1%. Chinese concept stocks showed mixed performance, with JD.com rising by over 1%.

The European stock market's losses narrowed, with ASML falling by over 7%. As of press time, the European Stoxx 50 index was down by 0.5%, the German DAX index and the UK's FTSE 100 index were down by about 0.1%, and the French CAC 40 index turned positive.

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European semiconductor stocks fell, with ASML (ASML) dropping by over 7%. The company anticipates a net sales figure of €6.7 billion to €7.3 billion for the third quarter, while the market expected €7.46 billion; STMicroelectronics fell by nearly 1%.

According to Global Times, on the 17th, Foreign Ministry spokesperson Lin Jian chaired a routine press conference. A Bloomberg reporter asked that the U.S. is considering stricter measures to exert pressure on companies in Japan and the Netherlands, restricting their chip trade with China. What is China's comment on this?

Lin Jian responded by stating that China has repeatedly expressed its solemn position on the U.S.'s malicious blockade and suppression of China's semiconductor industry. The U.S. has politicized, generalized, and weaponized economic, trade, and technological issues, continuously intensifying its export control on chips to China, coercing other countries, and suppressing China's semiconductor industry. This severely undermines international trade rules, damages the stability of the global supply chain, and is not beneficial to any party. China has always been firmly opposed to this.

Lin Jian said that he hopes the relevant countries will discern right from wrong, resolutely resist coercion, and jointly maintain a fair and open international economic and trade order, truly safeguarding their own long-term interests.

Nasdaq futures fell by 1%.Before the market on Wednesday, all three major U.S. stock index futures were down, with the Nasdaq futures down 1.0%, the S&P 500 futures down 0.6%, and the Dow Jones futures down 0.3%.

It is worth noting that the U.S. chip sector fell across the board overnight, with ASML plunging 7%, TSMC falling over 3%, Micron Technology dropping over 2%, and AMD and Nvidia both falling nearly 2%.

Asian chip stocks also plummeted across the board on Wednesday, with Tokyo Electron falling over 7%, Tokyo Seimitsu dropping over 7%, Screen Holdings falling over 6%, SK Hynix falling over 5%, Samsung falling over 1%, and TSMC falling 2.4%.

According to a report by Xinhua News Agency last week, ASML's CEO Christophe Fouquet and former CEO Peter Wennink both expressed opposition to the U.S. restricting ASML's export of production equipment to China in recent media interviews.

Fouquet told the German newspaper Handelsblatt that restricting ASML's export of chip production equipment to China is unwise, as it would hurt Western interests instead. He said that the chips urgently needed by the West are being produced in China, and "preventing others from producing what you need is not sensible."

Wennink told the Dutch BNR radio that the U.S. restrictions on chip exports to China are based on ideology, not facts or data. He stated that he would lobby as much as possible to prevent severe export restrictions to China.

The U.S. dollar weakened, while gold, Bitcoin, and crude oil showed strength.

The U.S. Dollar Index fell 0.2% during the day.

The U.S. dollar/Japanese yen fell further, dropping 0.8% at one point to 157.09, the lowest since June 14th.The British pound has risen to 1.30 against the US dollar for the first time in a year.

The price of spot gold has increased slightly.

The increase in Bitcoin has receded to 0.5%.

Oil prices have risen, with Brent crude oil up by 0.4% during the day.

US Treasury bonds are weak.

The yield on 10-year US Treasury bonds has risen by 1 basis point during the day.

The 2-year yield has increased by 3 basis points.