Shares in French skincare giant L'Occitane jumped almost 13 percent in Hong Kong on Tuesday as they resumed trading after its owner offered to take it private. The offer, submitted with the support of US private equity giant Blackstone, concerns nearly 28 percent of the shares.
Taiwanese semiconductor giant TSMC said Tuesday its production of ever-smaller microchips will remain on the island, hopeful that the critical industry will have a "stabilising effect on global geopolitical conflicts". "I hope Taiwan's semiconductor industry can do well to have a stabilising effect on global geopolitical conflict."
Asian markets wobbled Tuesday after a two-day rally as profit-takers stepped in and traders weighed the chances of the Federal Reserve skipping an interest rate hike this month. In early trade, Asian markets were mixed.
Top Chinese officials told Elon Musk about plans to launch new regulations on artificial intelligence on his recent trip to the Asian giant, the tech billionaire said Monday, in his first comments on the two-day visit.
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