Capital city of Taiwan; political and economic hub in Northern Taiwan
Nvidia CEO Jensen Huang has joined President Trumps delegation to China and has been pictured in Beijing; the trip has been focusing on trade, AI export controls and Iran. China has not approved any purchases of Nvidias H200 chips and is continuing to push domestic chip development while U.S. export controls remain in place.
Taiwan has monitored and responded to Chinese military activity around the island, following a Beijing summit between Xi and Trump. The United States has signalled continued support for Taiwan’s defence under the Taiwan Relations Act, while Taipei cautions against independence. Washington is weighing a new arms package as relations with China remain tense.
Marvell Technology joins the S&P 500 on June 22, highlighting the growing role of semiconductors in the market, while Flex will also join; Pool Corp and The Campbell’s Company will be removed. Nvidia-linked optimism and a surge in Marvell’s stock follow the broader AI and data infrastructure boom.
Qualcomm has unveiled a data-center CPU, announced the acquisition of Modular to boost AI software capabilities, and detailed its broader data-center AI roadmap. The moves position Qualcomm to challenge Nvidia in enterprise AI and expand its reach into cars, robots, and connected devices, while continuing its growth in China amid export-control considerations.
Alibaba has filed a federal lawsuit arguing that the DoD’s 1260H designation labeling it a Chinese military-society link is baseless. The suit seeks removal from the list and challenges the process as unfair. Several other Chinese firms face similar actions as the government moves to tighten tech controls amid U.S.-China tensions.
The Guardian, The Japan Times, AP News, and others report Beijing’s export controls on dual-use items target Japanese firms as Tokyo expands its defense posture. Detentions of Japanese nationals in China over alleged rare-earths-related export violations are intensifying the diplomatic row. The moves come after Japanese comments on Taiwan and potential military action raised Beijing’s alarm.
Taiwan faces intensified pressure as China expands coast guard patrols and maritime activities near its east coast. Western capitals warn that regional stability is at risk, while Taiwan conducts drills to test rapid deployment amid ongoing defence modernization and new drone capabilities being debated in Taipei.
A two-seat sport aircraft crashed into the Citic Tower in Beijing, killing the pilot and injuring 13 others in a scene that has raised questions about airspace controls and security in the capital. Officials say the incident was caused by personal reasons, with the pilot described as having insomnia and anxiety. Investigations are ongoing.
A wave of investments and new product launches are accelerating the shift from demos to real deployments in humanoid robotics, with several players eyeing overseas expansion and new pricing models.
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
Luxshare Precision Industry plans to raise up to HK$24.3 billion in a Hong Kong share sale, pricing shares at HK$63.28, as it expands beyond Apple and strengthens its position in automotive electronics and data centers. The IPO follows a wave of Hong Kong listings this week and reflects a push to diversify revenue sources.
Beijing has expanded its regulatory reach to target foreign entities deemed to threaten its supply chains and enforce sanctions. A third draft law would allow prosecutions for acts harming China’s national interests, while officials say the measures safeguard sovereignty and development.
A wave of earnings reports from major tech and consumer companies shows mixed results but outlooks point to continued momentum in AI, autos and logistics. Qualcomm, UPS, IBM, Intel and UnitedHealth report varying results, with some guiding higher, others facing cost pressures, and others expanding into automotive and AI workloads.
Typhoon Bavi has struck Zhejiang province after skirting northern Taiwan and Japans southern islands, forcing the evacuation of more than two million people and cancelling hundreds of flights and trains. Bavi has weakened to a severe tropical storm but is carrying large volumes of moisture that will produce prolonged heavy rain and flood risk across eastern and northern China over coming days.
AMD has unveiled its Helios AI rack system at Advancing AI in San Francisco, promising higher throughput and lower cost per token. The system targets hyperscalers and data centers, with partnerships across Microsoft, Anthropic, OpenAI, and others. The move intensifies the race with Nvidia as AMD argues Helios delivers greater inference efficiency.
Brent crude has fallen about 8–9% to below $88–$92 a barrel after prices briefly topped $100 last week. The drop follows pauses in US–Iran strikes and reports that both sides have halted attacks to allow diplomacy. Markets remain volatile because shipping through the Strait of Hormuz and the Red Sea is still disrupted and analysts warn supply risks and inflationary pressure persist.
The weekend has seen a pause in Iran’s retaliatory strikes as talks with Oman progress on safe passage through the Strait of Hormuz. The US has held off further strikes, while Yemen’s Houthi actions have expanded and crude prices have eased from earlier spikes, though Brent remains above $90 a barrel.
China’s coast guard activities and disputed claims in the South China Sea continue to heighten regional tensions. The United States and Philippines reaffirm support for freedom of navigation as ASEAN accelerates talks on a binding code of conduct. New rules around Scarborough Shoal and demonstrations of maritime enforcement are intensifying the arguments over sovereignty and security in the region.
Taiwan’s Han Kuang exercises are extending to 10 days, testing 24-hour defense operations, urban resilience, and new US-inspired tactics. Civilians are mobilized, internet slowdowns simulate disruption, and reservists are being expanded to strengthen civil defense amid heightened tensions with China.
Hollywood’s Odyssey faces a China market where domestic films dominate as Beijing curbs Western releases. Nolan’s film has a Beijing premiere, strong weekend previews, and rising interest online, but analysts caution that China’s box office remains challenging for foreign blocks.
The US has imposed a 15% tariff and set minimum import prices on polysilicon and related products, effective in December, to protect domestic chip and solar supply chains. The order includes anti-stockpiling powers and directs incentives for new US polysilicon production. China has criticised the move and warned it will protect its firms.
A typhoon named Dolphin has struck Okinawa, injuring several and causing power outages. It threatens Kyushu and China, with authorities warning of heavy rain, winds, and flight disruptions across East Asia.
Typhoon Dolphin has weakened inland but continues to cause extreme rainfall and floods across Zhejiang, Shanghai and Fujian. Authorities have evacuated hundreds of thousands, canceled thousands of flights, and closed major attractions as the storm moves westward.
Multiple storms have triggered record rainfall across parts of South Korea, the Philippines and China, causing evacuations, power outages and injuries. Geoje and nearby areas have seen rescues and ongoing emergency responses as the deluge continues.