AI In-Brief

Thailand News in Brief

Thai PBS World

Thailand and the world, every day

AI can make mistakes. Please double-check.

Tensions with U.S. spur Chinese buying of chipmaking stocks

13 Sept 11:55 Key points summarised by AI

Chinese chipmaking stocks surged by the most in two years, fueled by escalating U.S.-China tensions following House Speaker Pelosi's visit to Taiwan and the U.S. "Chips and Science" Act.
Investors view the U.S. Act as a catalyst for domestic Chinese chipmakers, anticipating significant opportunities for local players to replace imported products and achieve substantial growth.
This patriotic buying propelled the Chinese semiconductor index to a 14.2% weekly gain, its best performance since mid-2020, despite concerns over high valuations and a looming global economic recession impacting chip demand.

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.