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INSANE: 57 | Vintage Vibes

US Chip Stocks Tumble As Trade Tensions With China Heat Up

Semiconductor equities faced sharp selling pressure on Friday, with shares of Nvidia Corporation (NASDAQ:NVDA), Broadcom Inc. (NASDAQ:AVGO), Marvell Technology, Inc. (NASDAQ:MRVL), Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM), Intel Corporation (NASDAQ:INTC), Arm Holdings plc (NASDAQ:ARM), and Micron Technology, Inc. (NASDAQ:MU) all trading lower amid intensifying geopolitical friction between Washington and Beijing.

Benzinga

Prince Andrew ‘met China spymaster at least three times’

Duk of York allegedly met senior CCP figure three times in both London and Beijing

The Independent UK

Taiwan bars officials and students from China’s ‘retrocession’ events

Taipei accuses Beijing of distorting history to ‘eliminate the Republic of China and annex Taiwan’

The Independent UK

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US-China Trade Fight Hits Chinese Tech Stocks

U.S.-listed shares of major Chinese corporations, including Alibaba Group Holding Ltd. (NYSE:BABA), Baidu Inc. (NASDAQ:BIDU), PDD Holdings Inc. (NASDAQ:PDD), JD.com Inc. (NASDAQ:JD), NIO Inc. (NYSE:NIO), Li Auto Inc. (NASDAQ:LI), and XPeng Inc. (NYSE:XPEV), slid on Friday amid escalating geopolitical tensions between Beijing and Washington.

Benzinga

China threatens Britain with 'consequences' if its controversial plans for mega-embassy in London are blocked

Beijing makes threat after Government delayed decision on super embassy in east London for a second time

Evening Standard

China threatens UK with ‘consequences’ over delayed London mega embassy

Diplomatic tensions escalate amid rows over planning hold-ups and collapse of spying trial

The Guardian - UK

Prince Andrew met ‘spymaster’ at heart of China spy scandal ‘at least three times’

Disgraced Duke of York shook hands with Beijing official Cai Qi

Evening Standard

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Micron Stock Falls 3.84% In Pre-Market Trading As It Reportedly Exits China's Data Center Market Following 2023 Ban

Micron Technology Inc. (NASDAQ:MU) shares fell 3.84% in pre-market trading on Friday after a report emerged that the U.S. chipmaker will withdraw from China's data center market, ending a difficult chapter marked by Beijing's 2023 ban on its products in critical infrastructure.

Benzinga

How I (nearly) became a Chinese intelligence asset

IN FOCUS: Finding yourself a close friend of the Beijing spying machine is a lot easier than you might think, says Jonathan Margolis, especially if, like me, you’ve chalked up 27 trips to the country as a small-fry business consultant…

The Independent UK

Pressure mounts on DPP Stephen Parkinson to explain China spy trial collapse

Two parliamentary inquiries will look into the abandoned trial.

Evening Standard

China Blasts Trump Administration For 'Panic' Over Rare Earths

China accused the United States on Thursday of fueling "panic" over Beijing's new limits on rare earth exports.

Benzinga

The China spy row is uniquely damaging to public confidence

THE INDEPENDENT VIEW: Editorial: The collapse of a spying case ahead of the trial is not just an embarrassment for Keir Starmer, it is a reminder that his government must strike a more effective balance in its approach to Beijing – by protecting national security without compromising diplomatic and economic…

The Independent UK

Ministers plan high-level visits to China despite espionage trial outcry

National security adviser, education secretary and science minister to visit before end of year as part of policy to reset relations

The Guardian - UK

China Defends Russian Oil Purchases, Slams US 'Bullying'

China said Thursday that its purchases of Russian oil were "legitimate" and decried recent "unilateral bullying" measures by the United States as the trade row between the two countries continues to intensify.

International Business Times

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The Independent UK

UK delays deadline for decision on China ‘super embassy’ as spy row intensifies

The decision on whether to approve the ‘super embassy’ has been pushed back to December

Benzinga

Trump's Rare Earth Push Brings This ETF In Focus Amid China Trade Clash

As trade tensions with China flare up once again, rare earth metals —the quiet power behind modern technology and defense systems —are back in the spotlight. With Beijing tightening export restrictions and Washington signaling fresh support for domestic producers, the stage is set for a new wave of investor interest…

The Independent UK

MI5 chief says China is a daily threat to UK security amid row over collapse of spying case

The head of Britain’s domestic intelligence agency says China poses a daily threat to the United Kingdom’s security

Euronews

China presents a daily threat to UK security, MI5 chief says after spy case collapse

The espionage case against Christopher Berry and Christopher Cash collapsed after government officials refused to testify under oath that China posed a threat to national security.

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The Independent UK

MI5 chief says Chinese spies pose threat to UK national security ‘every day’

Sir Ken McCallum said the UK had to ‘defend itself resolutely’ against Chinese threats but acknowledged the advantages of having ties with Beijing.

Evening Standard

MI5 fought another China spy threat in past week, agency boss says

Sir Ken McCallum also said he was ‘frustrated’ by the collapse of the Westminster spying trial

The Guardian - UK

MI5 chief ‘frustrated’ at failure to put men accused of spying for China on trial

Ken McCallum, the domestic spy chief, says he will ‘never back off’ from confronting threats from Beijing

The Independent UK

Scott Bessent says Chinese top trade envoy came to Washington uninvited

US treasury secretary says Li Chenggang was ‘unhinged’ and ‘disrespectful’ during visit to DC in August

The Independent UK

After 30 arrested in raid on an underground church, is China cracking down on Christians?

Head pastor’s daughter says she believes her father has been arrested due to Zion Church’s growing influence

The Independent UK

Tories put pressure on Starmer following release of China spy case statements

Kemi Badenoch questioned why the final witness statement submitted in the case set out Sir Keir Starmer’s approach to relations with Beijing.

Evening Standard

China spy case row: Pressure mounts on Keir Starmer as witness statements are revealed

In the statements, deputy national security adviser Matt Collins called China ‘the biggest state-based threat to the UK’s economic security’

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