The US Initiates Chip War with China, Imposing Regulations to Thwart Competition
The United States has taken a decisive stance in its confrontation with China, unleashing what can only be described as a “chip” war. In an attempt to curb China’s advancements in this crucial technology, the US government has issued stringent rules to impede its progress. These regulations aim to disrupt the subsidy cycle that has largely favored Chinese chip manufacturers.
Yen Plummets as BOJ Refuses Interest Rate Hike
The Japanese Yen has hit a ten-month low after the Bank of Japan (BOJ) decided against increasing interest rates. This decision has raised concerns among investors, as the BOJ’s hesitation reflects uncertainties in the country’s economy. As a result, the Yen has experienced a significant depreciation, leaving the market in a state of upheaval.
Indian Bonds Gain Attention amid Emerging Market Bond Index Calculation by JPMorgan
An interesting development in the financial world involves Indian bonds, which have recently captured the attention of investors. The renowned financial institution, JPMorgan, has included Indian bonds in its calculation of the emerging market bond index. This move signifies a growing confidence in India’s economic stability and attractiveness to international investors.
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