US investors flag retaliation risks after Joe Biden’s China tech curbs

While the market mostly shrugged off President Joe Biden’s move to prohibit some US technology investments in China, US investors said they were worried Beijing would retaliate or pull back from buying American technology.

Aiming to protect national security and prevent US capital and expertise from aiding China’s military modernisation, Biden this week issued an executive order barring some new US investments in China in sensitive technologies including computer chips, while regulating others.