Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
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.
