Chinese regulators have banned the use of foreign chips in data centres supported by state funds, saying they must only use locally-made computer chips, sources say.

The Nikkei plunged by almost 7% from the record high reached on Tuesday, while South Korean shares dropped by 6.2%. Both markets clawed back some losses in afternoon trading.

The energy subsidies are part of China’s larger push to subsidise its AI and semiconductor industries. Its outlay for AI alone is expected to reach $98 billion this year.

French politicians, retailers and regulators have waged a campaign to oppose Shein's expansion, seeking to protect high street retailers ahead of tough new legislation on online platforms, which Shein has fought against

China is seeking to woo foreign visitors, to revive its tourism sector and boost foreign engagement at a time when it is struggling with high US tariffs

America's top court will hear the fight against Trump's tariffs this week; an adverse ruling could be messy, but analysts say he would just use other avenues to achieve the same goal

Hong Kong's Securities and Futures Commission will relax rules to allow locally licensed virtual asset trading platforms to share global order books with affiliates overseas

US President's comments suggest he may impose tighter restrictions on cutting-edge American AI chips than US officials previously indicated

Dutch chipmaker suspends supplies of wafers to its Guangdong assembly plant amid concern its technology could be stolen by its Chinese owner. The row has inflamed fears on the supply of chips to carmakers worldwide

A survey of factory activity in October reveals worst contraction in 6 months, as export orders dropped after a long period of front-loading to beat US tariffs

Samsung's earnings have recovered and it's now in 'close discussion' with Nvidia on HBM4 – the next-generation of high-bandwidth memory chips

World's top carmaker plans to lift its share of India's passenger car market to 10% by 2030 and will launch over a dozen new models to help achieve that, sources say