US Tariffs: Japan’s Trade Minister in Hot Water；Intel’s New Captain: Lip-Bu Tan Takes the Helm；Hong
Welcome to our programme, The China Briefing! Today, we delve into some intriguing developments from the world of trade and technology. Japan is feeling the heat as its trade minister scrambles to negotiate exemptions from US tariffs, particularly impacting the auto industry. With trade-war fears escalating, the market is on edge about the potential economic fallout.
In tech news, Intel has appointed Lip-Bu Tan as its new CEO, aiming to steer the company back to its former glory amid declining stock prices and fierce competition in the AI chip market. Tan’s extensive experience in semiconductor design is expected to bring stability and innovation to Intel during this critical transition period.
Lastly, we take a look at Hong Kong’s stock market, which has seen a drop for five consecutive days, largely due to rising trade tensions and fears of a global recession. With significant losses in major companies, the market sentiment remains shaky as investors react to the ongoing tariff threats from the US. Please stay tuned for more detailed coverage!
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