Shanghai-listed shares of Chinese chipmaker Wingtech plunged 10% Tuesday, hitting the daily limit for a second straight session after the Dutch government took control of its Netherlands-based subsidiary Nexperia.

The Netherlands' Minister of Economic Affairs revealed on Oct. 12 that the decision, made under the "Goods Availability Act" on the company in September, was intended "to prevent a situation in which the goods produced by Nexperia (finished and semi-finished products) would become unavailable in an emergency."

Nexperia specializes in the high-volume production of chips used in automotive, consumer electronics and industrial products, making it vital for maintaining Europe's technological supply chains.

In South Korea, the benchmark Kospi index reversed course to end 0.63%

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