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The US Commerce Department will tighten restrictions on Huawei’s access to the US technology and semiconductors, Reuters reported on Monday, citing officials briefed on the matter.

“US actions will mean Huawei cannot get third-party designed chips that use US technology without a license,” sources explained. “US Commerce Department will add another 38 Huawei affiliates in 21 countries to the US economic blacklist.”

Market reaction

This headline doesn’t seem to be having a significant impact on market sentiment. As of writing, S&P 500 futures were up 0.32% on a daily basis.