Bloomberg Chinese automobile-chip maker stocks tumbled after the government launched a probe into possible price manipulation, putting a brake on share surges buoyed by a global semiconductor shortage that’s approaching the 12-month mark. Chip developers GigaDevice Semiconductor (Beijing) Inc, Wuxi NCE Power Co. and Hangzhou Lion Electronics Co plunged by their 10% daily trading limit in Shanghai on Tuesday after …

Bloomberg Overseas investors have loaded up on Chinese stocks by the longest stretch since late April, following a rout last week that pushed the country’s benchmark index to its lowest in almost nine months. Foreigners bought a net 21.5 billion yuan ($3.3 billion) over the past five trading sessions via trading links with Shanghai and Shenzhen, according to Bloomberg-compiled data. …

MAKKAH / WAM/ SPA The Technical and Service Authority at the Grand Mosque in Makkah has intensified its preparations for the Umrah season. Sterilisation and perfuming processes of the Grand Mosque and its outdoor parks are going on round the clock to prevent the spread of the Covid-19 pandemic. More than 4,000 workers are sterilising the Grand Mosque and related …