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Stock impact report

Allegro MicroSystems, Entegris, Penguin Solutions, Skyworks Solutions, and Impinj Shares Plummet, What You Need To Know [Yahoo! Finance]

Allegro MicroSystems, Inc. (ALGM) 
Company Research Source: Yahoo! Finance
A number of stocks fell in the afternoon session after China announced new export controls on the critical minerals. Beijing's Commerce Ministry stated that foreign suppliers now need government approval to export products containing certain rare-earth materials. These materials are essential for producing high-tech goods, including computer chips, electric vehicles, and defense technology. Analysts view the move as a strategic assertion of China's dominance in the global rare earth supply chain, particularly amid ongoing trade tensions and ahead of an anticipated meeting between the US and Chinese presidents. The new policies are expected to tighten global supply chains, potentially causing licensing delays and cost increases for manufacturers in key strategic sectors. Also, investors paused a record-setting rally amid uncertainty from the ongoing U.S. government shutdown. The S&P 500 and Nasdaq pulled back from all-time highs as the shutdown entered its second week, creating a da Show less Read more
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