Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
TSMC Under Investigation for Potential Export Rule Breach
The U.S. Commerce Department has initiated an investigation into Taiwan Semiconductor Manufacturing Company (TSMC) regarding potential violations of export regulations. The inquiry centers on whether TSMC produced smartphone or artificial intelligence chips for Huawei, the Chinese tech giant that has faced U.S. sanctions since 2020 due to national security concerns.
According to a report by The Information, the Commerce Department recently reached out to TSMC to clarify its production activities related to Huawei. In response, TSMC stated that it is a "law-abiding company" and adheres to compliance protocols to avoid violations.
In 2020, Huawei was blacklisted, restricting its access to chips manufactured with American technology. Efforts from U.S. lawmakers have intensified to prevent Huawei from acquiring American chipmaking equipment, citing the company's alleged links to the Chinese military.
While Huawei claims to source its advanced chips exclusively from Semiconductor Manufacturing International Corp (SMIC), it has made significant strides in chip development. Last year, the company launched a smartphone equipped with a 7-nanometer chip produced by SMIC, marking a pivotal achievement for Chinese manufacturers.
The U.S. has also imposed strict limitations on Chinese firms' access to advanced AI chips, impacting major players like NVIDIA Corporation, which are prohibited from selling cutting-edge technology to China.
