China’s economy continues to stutter as October data comes in short with Covid restrictions and a property slump weighing heavily on activity. U.S. equities are in the red for the first time in three sessions after Federal Reserve Vice Chairman Lael Brainard backs slower tightening but says that further work lies ahead. Berkshire Hathaway makes a $4bn swoop for a holding in Taiwanese chip maker TSMC – the third tech company in its portfolio. German semi-conductor firm Infineon hikes its long-term guidance following a 30 per cent rise in FY revenue as well as unveiling plans for a new €5bn facility in Dresden. And in Bali, Indonesia, President Biden and President Xi strike a warmer tone despite recently soured relations between Washington and Beijing. The U.S. has voiced concerns over rhetoric regarding Taiwan but President Biden has downplayed talk of a new Cold War.

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