TSMC (TSM.N) will invest an additional $100 billion in the United States.

Sterling rallied after the FT reported Andy Burnham will appoint Shabana Mahmood as chancellor. The Bloomberg pound index jumped as much as 1% on Wednesday to its strongest level since July 2, 2025, and held near that level in Asian trade. The move reflects investor relief as markets await Burnham’s expected confirmation of the appointment when he takes office next Monday. Energy secretary Ed Miliband had been considered for the role; a Bloomberg Markets real-time poll shows Miliband is viewed as the least market-friendly candidate.

Tesla said on its official Weibo it has upgraded home‑charger installation standards, requiring PVC conduit of GY305 or higher, phasing out light thin‑wall pipe and setting at least medium‑strength as the entry standard. Price moves: third‑generation home‑charger service pack (single‑phase) cut by 601 yuan to 4,599 yuan; third‑generation single‑phase bare pedestal reduced by 200 yuan to 2,599 yuan. Eighteen installation add‑on fees—including wall penetrations, posts/protection boxes, installation and grounding‑rod work—were also reduced, averaging about a 37% cut.