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Highflying tech stocks hammered by China fears

Some of the hottest technology stocks on the market suffered a sudden reversal Monday morning, amid reports of new efforts to block Chinese investment in and sales to U.S. tech firms.

While stocks were largely awash in red in early Monday trading, tech seemed especially weak, with the Nasdaq Composite Index COMP, -2.17% suffering more than the S&P 500 index SPX, -1.53% and the Dow Jones Industrial Average DJIA, -1.50% Some of the largest declines came from chip stocks and Chinese internet companies, which could be affected by a reported plan by President Donald Trump’s administration to establish stricter rules for Chinese investment in U.S.

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