US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise 
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
US Stock Futures Hold Steady as Iran Hormuz Deal and Earnings Shape Market Sentiment 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
US Stock Futures Rise as Markets Await July Payrolls Data 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
Australia Trade Surplus Returns in June as Iron Ore, Coal and LNG Exports Surge 
Singapore Says One-Third of U.S. Exports Hit by New 12.5% Tariff 
Philippine GDP Growth Slows to 2.3% in Q2 
Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
UK Services PMI Returns to Growth in July as New Orders and Confidence Rebound 
US Job Growth Seen Picking Up in July 
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.
