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Shares of China’s biggest chipmaker plunge 23% on fears of US sanctions. China imposes visa restrictions on US news outlets. Softbank reportedly responsible for driving tech’s big rally on giant bets.

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Julia Chatterley is live from New York. Here are the top business news stories today! SMIC smacked! Shares of China’s biggest chipmaker plunge 23% on fears of US sanctions. “Reciprocal measure” – China imposes visa restrictions on US news outlets, a CNN journalist included. Risky business! Softbank reportedly responsible for driving tech’s big rally on giant bets. It’s Monday, let’s make a move.

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