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European semiconductor stocks slid, with Infineon, STMicroelectronics, ASML, BE Semiconductor, ASM International and Soitec down 2.4% to 5%.

2026-10-22

European semiconductor stocks slid, with Infineon, STMicroelectronics, ASML, BE Semiconductor, ASM International and Soitec down 2.4% to 5%.

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2026-10-22

Shanghai Financial Regulatory Bureau issued Measures to Promote High-Quality Digital Finance Development in the city’s banking and insurance sectors, directing increased support for technology firms. Under relevant policy constraints and institutions

Shanghai Financial Regulatory Bureau issued Measures to Promote High-Quality Digital Finance Development in the city’s banking and insurance sectors, directing increased support for technology firms. Under relevant policy constraints and institutions’ risk appetites, banks and lenders are urged to expand credit support, optimize credit-approval services and pilot intelligent The credit-approval models to simplify procedures and shorten approval times. measures call for linking tech-finance datasets—firm qualification, R&D spend, intellectual property, major tech project participation and flagship products—to improve the precision of tech-firm credit profiles, and using fintech databases and funds-flow credit information to map key industry chains and analyze chain-level capital flows. Aligned with the Yangtze River Delta strategy, regulators encourage development of comprehensive insurance for small and mid-sized tech firms and exploration of cyber property-loss and liability products to underwrite technology adoption risks.
2026-10-22

Canada's Prime Minister Carney said resolving major structural challenges in the auto and steel sectors will take time.

Canada's Prime Minister Carney said resolving major structural challenges in the auto and steel sectors will take time.
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