European semiconductor stocks fell after earlier weakness in Samsung Electronics shares; ASML, STMicroelectronics, Infineon, ASMI, Besi and Soitec declined about 3%–7%.

Argentina said on the 5th it will not submit the reciprocal trade and investment agreement signed with the United States on Feb. 5 to Congress for approval in the near term. Under Argentina’s constitution such treaties require congressional ratification. The government cited a February U.S. Supreme Court ruling that the International Emergency Economic Powers Act (IEEPA) does not authorize the president to impose large-scale tariffs, limiting the U.S. president’s ability to deliver tariff and market-access commitments by executive action and affecting market-access provisions in the pact. Consequently, the agreement will not enter the legislative agenda soon.

Spot silver slid below $61/oz, down 1.72% intraday.