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President Trump on Thursday signed an executive order directing FHFA Director Bill Purtle to design a pilot allowing borrowers who meet required home-equity thresholds based on current market value to proactively cancel mortgage insurance premiums. T

2026-10-23

President Trump on Thursday signed an executive order directing FHFA Director Bill Purtle to design a pilot allowing borrowers who meet required home-equity thresholds based on current market value to proactively cancel mortgage insurance premiums. The order establishes a Prefabricated Housing Innovation Task Force to promote modern manufacturing technologies aimed at improving build quality and reducing construction costs. It also instructs USDA Secretary Brook Rollins and VA Secretary Doug Collins to lower single-family loan rates issued by their departments.

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2026-10-22

China's Ministry of Commerce (MOFCOM) and Ministry of Science and Technology on Oct. 16 launched a public consultation on revisions to the Catalog of Technologies Prohibited or Restricted for Export, listing 23 AI-related items including large models

China's Ministry of Commerce (MOFCOM) and Ministry of Science and Technology on Oct. 16 launched a public consultation on revisions to the Catalog of Technologies Prohibited or Restricted for Export, listing 23 AI-related items including large models, intelligent agents, compute clusters and information-processing technologies. Since the announcement, leading AI firms DeepSeek and MiniMax have completed registration and proceeded with open-source releases and overseas licensing. Some market participants have questioned whether the move signals a shift from China's prior emphasis on technology openness.
2026-10-22

Hong Kong-listed chip stocks extended losses: 01347.HK and 06082.HK fell more than 10%; 09903.HK dropped 9.6%; 03986.HK and 02577.HK down over 7%; 00981.HK (SMIC) slipped more than 6%.

Hong Kong-listed chip stocks extended losses: 01347.HK and 06082.HK fell more than 10%; 09903.HK dropped 9.6%; 03986.HK and 02577.HK down over 7%; 00981.HK (SMIC) slipped more than 6%.
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