The meeting comes on the heels of a new US CHIPS Act that includes $52 billion in subsidies for companies that make chips or conduct chip research in the United States.

Washington and Taipei have agreed to start formal trade talks shortly on a new initiative. Taiwan hopes the talks, which are opposed by Beijing, could begin in September

Japan's Nikkei closed above 29,000 for the first time in seven months and China and Hong Kong stocks rose. South Korea was down.

HKEX has suffered a notable decline in listings and trading at its two Hong Kong exchanges from both China's economic slowdown, plus lingering geopolitical tension.

The US is funding data centres in Africa, plus a 17,000km undersea cable from Southeast Asia through the Middle East and Horn of Africa to Europe, Antony Blinken says

The arrival of a new team of senior US politicians in Taiwan late on Sunday led to China staging more military exercises on Monday near the self-ruled island

The climate law passed by the US aims to localize the manufacturing of EVs but "adds a steep requirement aimed at weeding out 'foreign entities of concern' from supply chains", it says.

China Life Insurance, plus oil giants Petrochina and Sinopec, and Chalco, which have a combined market cap of more than $300bn, will voluntarily exit US markets this month

Companies in India use the UAE dirham, the HK dollar, yuan or euro when buying Russian coal, in a bid to avoid the dollar and US sanctions, according to customs data and industry sources

Investors say more US-listed China firms will follow Alibaba's plan to launch primary listings in Hong Kong.

Elon Musk has confirmed selling $6.9 billion worth of shares in his car company, saying he is covering the risk that a US court forces him to takeover the social media platform.

SoftBank chief Masayoshi Son said the world was "in great confusion" and signalled personnel cuts at the Vision Fund, saying there were no "sacred areas"