Berkshire Hathaway Inc on Monday disclosed it has begun investing in Capital One Financial Corp while exiting investments in four other stocks, as the company run by Warren Buffett cut back its exposure to equities.
The U.S. stock market rally this year is so narrow that the S&P 500 index's gains have been entirely driven by just a handful of stocks, which are now significantly more expensive than more than 95% of the broader market.
China's commerce ministry on Thursday said that a reported request by the United States for South Korean chipmakers not to fill any supply shortfalls in China would threaten the stability of global supply chains.
Japan's Honda Motor Co on Wednesday unveiled it reached a basic agreement on strategic collaboration with Taiwan Semiconductor Manufacturing Co (TSMC) as part of steps the company was taking to address a semiconductor shortage.