The People's Bank of China announced measures to support the stock market after the CSI 300 index fell by 8.5% in October, marking its worst performance since 2016.
The central bank will provide financial institutions with over $15 billion in liquidity to purchase shares. At the same time, the interest rate under the share buyback financing programme has been reduced from 1.25% to 1%.
According to the Chinese regulator, since the programme was launched, loan agreements worth $66 billion have been signed, of which more than $42 billion has been disbursed.
Japanese, South Korean and Taiwanese companies are expected to continue increasing investment in the United States amid the restructuring of global supply chains. According to US banking group Citigroup, inbound corporate business volumes in North America are growing at double-digit annual rates. Japan has announced a $550 billion investment package for the US, while South Korea has announced $350 billion in planned investment.
According to Citigroup, cross-border business flows associated with Chinese companies' overseas operations have grown by more than 20% annually over the past two years.
Samsung Electronics plans to launch a second plant in Taylor, Texas, to manufacture base dies for high-bandwidth memory (HBM) used in Nvidia and AMD artificial intelligence chips.
The facility will be equipped with advanced 2-nanometre chip manufacturing technology. Covering 251,000 square metres, the new plant will be 1.5 times larger than Samsung's first facility in Taylor, which fulfils orders for Tesla.
Equipment installation is scheduled to begin in 2029, with mass production planned for 2030. Orders have already been secured for products to be manufactured at the new facility.
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