Chinese stocks touch a one-year low as chip and optical firms slide

Bloomberg reports that Chinese shares touched a one-year low after a report that authorities may allow purchases of Nvidia’s new chips and proposed US sanctions on foreign optical producers. TradersRadio, relaying SQUAWKNEWS, said the Shanghai Composite fell 0.8% to 3,859 and the Shenzhen Component fell 2.1% to a near two-month low of 13,033.