Chinese regulators have banned the use of foreign chips in data centres supported by state funds, saying they must only use locally-made computer chips, sources say.

The Nikkei plunged by almost 7% from the record high reached on Tuesday, while South Korean shares dropped by 6.2%. Both markets clawed back some losses in afternoon trading.

China is seeking to woo foreign visitors, to revive its tourism sector and boost foreign engagement at a time when it is struggling with high US tariffs

America's top court will hear the fight against Trump's tariffs this week; an adverse ruling could be messy, but analysts say he would just use other avenues to achieve the same goal

US President's comments suggest he may impose tighter restrictions on cutting-edge American AI chips than US officials previously indicated

Samsung's earnings have recovered and it's now in 'close discussion' with Nvidia on HBM4 – the next-generation of high-bandwidth memory chips

World's top carmaker plans to lift its share of India's passenger car market to 10% by 2030 and will launch over a dozen new models to help achieve that, sources say

Trump says 'amazing' Busan summit rated 12 out of 10. The two sides agreed to lift agricultural trade, pause port fees and deal with issues in the US TikTok sale

Tariff deal nearly finalized, Trump says, with $350bn worth of investment in US to be split into bundles, plus extensive help to reinvigorate US shipbuilding

Nvidia is set to become the first company with a market cap of $5 trillion after its shares jumped in pre-market trading on Wednesday following the announcement of two new deals

Trump also lavished praise on Japan’s newly-elected PM Sanae Takaichi, the country’s first female leader who, in return, promised to nominate the US President for the Nobel Peace Prize

Trump signed a flurry of deals on his visit to the ASEAN summit on Sunday, but there is concern already that the trade agreement with China will only cover a handful of key concerns