From The Morung Express
Rubio, China's Wang Yi discuss Trump's APEC trip, Xi's planned G20 visit
What's behind this
Nvidia shares fell 13% over five days as controversy surrounding CEO Jensen Huang intensified, prompting concern about the impact on equity mutual‑fund portfolios that hold the chip maker’s stock. While the Livemint report notes that several mutual‑fund schemes are exposed to the decline, it does not name the specific funds. The episode coincides with reports of a Chinese firm linked to former executive Alice Huang obtaining banned Nvidia chips, US export curbs threatening over $3 billion of Chinese AI projects that rely on Nvidia processors, and senior Democrats calling for congressional scrutiny of Nvidia and the Trump administration after Huang’s resignation.
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RSS excerpt
Washington, November 12 (IANS) US Secretary of State and National Security Advisor Marco Rubio spoke with China's Foreign Minister Wang Yi, at China's request, about President Donald Trump's upcoming trip to the APEC summit in China and Chinese President Xi Jinping's planned visit to Florida for the…