China’s Homegrown Chip Equipment Hits ASML Hard: Semis Drag Tech Lower

Before I get into the broader market update, Semis (SOX -3.75%) started dragging the Technology sector lower (-1.45%) right at the open, not because of higher oil or higher yields, but because ASML (-7.2%) dropped sharply after The Information reported that a Chinese company has begun building its own DUV chip-making machines (the tools used…