AsianFin -- Shares of major U.S. technology companies remained largely stable in Frankfurt trading on Monday following news that President Donald Trump has introduced new fees for H-1B work visas.
On Friday, the Trump administration announced that companies sponsoring H-1B visas would be required to pay $100,000 annually per visa. The move prompted several leading tech firms and financial institutions to advise employees holding these visas to remain in the United States or return promptly if they were traveling abroad.
Investors in European markets appeared to take the announcement in stride, with U.S. tech shares showing little immediate volatility during Monday’s session.