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Dismal.com: IndicatorsFeb 22, 2018
United States: St. Louis Fed Financial Stress Index
Financial stress conditions eased after markets stabilized following the steep selloff in equity markets. The St. Louis Fed Financial Stress Index fell to -1.15 but remains significantly elevated relative to the past several months. The S&P 500 rose 4.3%, regaining recent losses. The rally also eased equity volatility, with the VIX declining 33% to 19.5. Interest rates ticked slightly higher, with the yield on the 10-year U.S. Treasury rising 4 basis points.

MarketWatch MarketPulseFeb 22, 2018
Xcerra is latest chip company to give up on Chinese acquisition after U.S. resistance
Xcerra Corp. called off its acquisition by a Chinese entity Thursday afternoon, the latest attempt at a Chinese purchase of a U.S. chip company to be scuttled amid resistance from the U.S. federal government. Xcerra said it and Hubei Xinyan Equity Investment Partnership had mutually agreed to call off the merger after deciding it would not be cleared by the Committee on Foreign Investment in the United States, or CFIUS. "Our transaction with Xinyan was about enabling Xcerra to accelerate its growth in the China market as well as broadening and strengthening our customer relationships around the world," Xcerra Chief Executive Dave Tacelli said in Thursday's announcement. "While we are disappointed that we were not able to receive approval from CFIUS on this transaction, Xcerra and Xinyan are discussing alternatives to pursue opportunities in new and existing markets in China." Xcerra, which makes equipment used in testing chips during the manufacturing process, is just the latest small chip company to try and fail to be acquired by a Chinese company amid the nation's thirst for chip knowledge and intellectual property. A deal for Lattice Semiconductor Corp. was scuttled by the CFIUS under President Donald Trump, which seemed to signal that such deals would not get approval; Xcerra's failure to complete a deal could show that even companies that don't actually make chips will have trouble obtaining approval. Xinyan had agreed last April to purchase the company for $10.25 a share, and the stock closed at $9.70 Thursday. Xcerra shares were halted in late trading Thursday before the announcement, and fell about 5% once after-hours trading resumed.

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