US President Joe Biden last month signed into law the Ocean Shipping Reform Act as part of efforts to fight inflation. The PC sector has performed brilliantly since the outbreak of COVID-19 due to work-from-home and remote-learning trends. The PC sector’s decline has affected supply chains, including the flat-panel display, power IC and PC hardware segments. They have also been paying attention to actions taken by central banks to address rising food and energy prices. The current market correction is of course worth great attention, but for investors, the underlying macro challenges and cyclical changes facing local industries and enterprises are even more of an issue worthy of pondering.
