State-owned Citic Securities Co. has stopped lending stocks to individual investors and raised the requirements for institutional clients earlier this week after so-called window guidance from regulators, said the people, asking not be identified discussing a private matter.
A fresh burst of chipmaker excitement around artificial intelligence and some punchy U.S. jobs data have reinvigorated Wall St and Tokyo, even as Chinese markets resume their slide and a surprising UK retail plunge showed trouble elsewhere. Taiwanese chipmaker TSMC, the world's biggest semiconductor maker and major Apple supplier, set an otherwise unremarkable earnings season alight on Thursday by projecting more than 20% growth in 2024 revenue on booming demand for high-end chips used in AI. The buzz sent the chipmaking sector surging around the world over the past 24 hours, with TSMC's Taipei-listed shares jumping 6.5% on Friday.