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Stock impact report

Trade Tensions Hurt These Tech Stocks Last Month [The Motley Fool]

LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL) 
US:NYSE Investor Relations: ir.oled.com/shareholders/default.aspx
Company Research Source: The Motley Fool
Taiwan Semiconductor, Altaba, and LG Display do a lot of their business in China. It makes sense that tariffs and trade tensions should slash their stock prices, but that's still the wrong reaction in some cases. What happened Trade tension between Washington and Beijing pumped the brakes on many stocks in the technology sector last month. According to data from S&P Global Market Intelligence , shares of digital display maker LG Display ( NYSE:LPL ) lost 15.3% of their value last month. At the same time, semiconductor manufacturing giant Taiwan Semiconductor Manufacturing ( NYSE:TSM ) suffered a 13.7% loss and Altaba ( NASDAQ:AABA ) -- the remnants of good old Yahoo!, now operating as a focused investment fund built around Yahoo!'s early investment in e-commerce titan Alibaba Group ( NYSE:BABA ) -- got an 11.8% haircut. Alibaba itself saw a 13.6% drop. All of these drops were directly linked to the Chinese-American trade wars, and I picked t Show less Read more
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