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Ships blocked, chips scarce
Weekly investor research
29 March 2021
A large containership blocked the Suez Canal last week, disrupting global trade. Taiwan announced further water restrictions due to a long drought which risks exacerbating the supply of semiconductors. Indonesia announced investments in the electric vehicles industry. The Brazilian Congress pressured the government to take measures to control the covid-19 pandemic. The United States and the European Union sanctioned two Chinese officials for alleged human right abuses and China retaliated. Argentina quit the Lima Group. South Africa, Mexico and Colombia kept policy rates unchanged. Russia accelerated the pace of vaccinations against Covid-19. The Chilean capital Santiago went into a full lockdown.