Shares of China's biggest chipmaker plunge 23% on fears of US sanctions. China imposes visa restrictions on US news outlets. Softbank reportedly responsible for driving tech's big rally on giant bets.

Julia Chatterley is live from New York. Here are the top business news stories today! SMIC smacked! Shares of China's biggest chipmaker plunge 23% on fears of US sanctions. "Reciprocal measure" - China imposes visa restrictions on US news outlets, a CNN journalist included. Risky business! Softbank reportedly responsible for driving tech's big rally on giant bets. It’s Monday, let’s make a move.

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