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Citigroup raised its price target on TSMC to NT$3,800 from NT$2,875. The bank says TSMC, due to report Q2 results in mid-July, may further lift 2026 revenue guidance on sustained demand for leading‑edge chips and improved long‑term visibility. Citigr

2026-07-06

Citigroup raised its price target on TSMC to NT$3,800 from NT$2,875. The bank says TSMC, due to report Q2 results in mid-July, may further lift 2026 revenue guidance on sustained demand for leading‑edge chips and improved long‑term visibility. Citigroup highlights TSMC's scale advantage as a key differentiator supporting wafer pricing, customer stickiness and sustainable gross margins amid intensifying foundry competition. The bank adds TSMC remains a primary beneficiary of ongoing AI semiconductor demand regardless of client mix.

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2026-07-06

FCA executive director Sheldon Mills said regulators are in an "arms race" to keep pace with AI adoption in financial services and need broader powers, the FT reported. He urged UK regulators to assess whether large language models such as ChatGPT, C

FCA executive director Sheldon Mills said regulators are in an "arms race" to keep pace with AI adoption in financial services and need broader powers, the FT reported. He urged UK regulators to assess whether large language models such as ChatGPT, Claude and Gemini should be brought within regulatory rules. Mills said regulators must themselves adopt AI to match the technology’s "speed, tempo and scale" and to "monitor, detect and respond to risks." A report by Mills warned that heavy personalization can improve product fit but may also produce algorithmic bias, opaque pricing and targeted manipulation. It recommends the FCA conduct a review within three to six months of risks from firms providing financial services outside the regulatory perimeter and potential consumer harm from rising use of AI in personal finance.
2026-07-06

China's Shanghai Composite Index opened 15.55 points higher, or 0.38%, at 4059.19 on Monday, July 6th. The Shenzhen Component Index opened 80.42 points higher, or 0.52%, at 15677.93. The CSI 300 Index opened 26.37 points higher, or 0.54%, at 4868.54.

China's Shanghai Composite Index opened 15.55 points higher, or 0.38%, at 4059.19 on Monday, July 6th. The Shenzhen Component Index opened 80.42 points higher, or 0.52%, at 15677.93. The CSI 300 Index opened 26.37 points higher, or 0.54%, at 4868.54. The ChiNext Index opened 30.94 points higher, or 0.77%, at 4050.88. The STAR Market 50 Index opened 39.58 points higher, or 2.0%, at 2015.18.
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