China is ready to take a series of countermeasures against the&nbsp;plan of the United States to block shipments of semiconductors to Chinese telecom firm Huawei, including putting US&nbsp;companies on an "unreliable entity list".

It will launch&nbsp;investigations and imposing restrictions on us companies such as Apple, and halting purchase of Boeing airplanes, according to&nbsp;Chinese state media.

The potential move, the second time within two days that China has released a message of hitting back against the US, also the very first time government source noted to target specific US&nbsp;companies, is a result of a spat between the two countries regarding the origin of the deadly coronavirus.

Both US and China are&nbsp;mulling punitive countermeasures against each other&nbsp;over COVID-19 lawsuits due to the abuse of litigation.

China's latest moves indicate a toe-to-toe strategy between the world's two largest economies, from political to economic ends, being in full play, experts said.

The Trump administration on Friday moved to block shipments of semiconductors to Huawei from global chipmakers.

The US&nbsp;commerce department said it was amending an export rule and the entity list to "strategically target Huawei's acquisition of semiconductors that are the direct product of certain US software and technology," according to a statement on its website.

''China will take forceful countermeasures to protect its own legitimate rights," if the US&nbsp;moves forward with the plan to change its rules and bar essential suppliers of chips, including Taiwan-based TSMC, from selling chips to Huawei, the source told the Chinese state media's channel Global Times.

China is ready to take a series of countermeasures against the plan of the United States to block shipments of semiconductors to Chinese telecom firm Huawei, including putting US companies on an "unreliable entity list".

China is ready to take a series of countermeasures against the plan of the United States to block shipments of semiconductors to Chinese telecom firm Huawei, including putting US companies on an "unreliable entity list". It will launch investigations and imposing restrictions on us companies such as Apple, and halting purchase of Boeing airplanes, according to Chinese state media. The potential move, the second time within two days that China has released a message of hitting back against the US, also the very first time government source noted to target specific US companies, is a result of a spat between the two countries regarding the origin of the deadly coronavirus. Both US and China are mulling punitive countermeasures against each other over COVID-19 lawsuits due to the abuse of litigation. China's latest moves indicate a toe-to-toe strategy between the world's two largest economies, from political to economic ends, being in full play, experts said. The Trump administration on Friday moved to block shipments of semiconductors to Huawei from global chipmakers. The US commerce department said it was amending an export rule and the entity list to "strategically target Huawei's acquisition of semiconductors that are the direct product of certain US software and technology," according to a statement on its website. ''China will take forceful countermeasures to protect its own legitimate rights," if the US moves forward with the plan to change its rules and bar essential suppliers of chips, including Taiwan-based TSMC, from selling chips to Huawei, the source told the Chinese state media's channel Global Times.

China all set to make its biggest counterattack against US

The fatal shooting of a Chinese professor called Bing Liu, on US soil is fuelling wild conspiracy&nbsp;theories across the globe.

The 37-year-old assistant professor at the University of Pittsburgh School of Medicine,&nbsp;was found dead in his house.

According to the local police department, he was found with multiple gunshot wounds to the head, neck, torso and extremities at his home in the Pittsburgh suburbs.

Interestingly,&nbsp;he was close to making "significant findings" on his studies of COVID-19, according to his colleagues. This has sparked&nbsp;online speculation it was an assassination.

The gunman who shot him was his acquaintance, a 46-year-old software engineer called Hao Gu.&nbsp;

The investigation has determined it was a murder-suicide resulting from "a lengthy dispute regarding an intimate partner".

Homicide detectives&nbsp;said there was "zero evidence" the case was linked to Liu's research work and the current public health crisis.

Many comments on Chinese social media platform Weibo suggested Liu's Chinese background may have put him at risk in the US, though no evidence has emerged that Liu was targeted because of his ethnicity.

The fatal shooting of a Chinese professor called Bing Liu, on US soil is fuelling wild conspiracy theories across the globe. The 37-year-old assistant professor at the University of Pittsburgh School of Medicine, was found dead in his house.

The fatal shooting of a Chinese professor called Bing Liu, on US soil is fuelling wild conspiracy theories across the globe. The 37-year-old assistant professor at the University of Pittsburgh School of Medicine, was found dead in his house. According to the local police department, he was found with multiple gunshot wounds to the head, neck, torso and extremities at his home in the Pittsburgh suburbs. Interestingly, he was close to making "significant findings" on his studies of COVID-19, according to his colleagues. This has sparked online speculation it was an assassination. The gunman who shot him was his acquaintance, a 46-year-old software engineer called Hao Gu. The investigation has determined it was a murder-suicide resulting from "a lengthy dispute regarding an intimate partner". Homicide detectives said there was "zero evidence" the case was linked to Liu's research work and the current public health crisis. Many comments on Chinese social media platform Weibo suggested Liu's Chinese background may have put him at risk in the US, though no evidence has emerged that Liu was targeted because of his ethnicity.

Chinese professor's murder in US fuels conspiracy theories

Indian shares were largely unchanged on Wednesday, as global equities took a beating after US-China standoff broadened and as investors kept a cautious stance ahead of September-quarter corporate results.

Broader Asian peers fell the most in a week as the United States and China's broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.

High-level talks between the world's top two economies on trade are due to resume on Thursday. The negotiations, which have been the global markets' most important catalyst for months, have weighed on investor sentiment.

The broader NSE Nifty was down 0.16% at 11,108.40, as of 0440 GMT, while the benchmark BSE Sensex was 0.17% weaker at 34,467.77.

Company earnings for the year ending March 2020 are expected to receive a boost after the Indian government moved to slash corporate taxes last month to 22% from 30%.

"People are waiting for the start of the Q2 results," said Vinod Nair, head of research at Geojit Financial in Kochi, referring to the fiscal second quarter ended Sept. 30.

"Because of the tax cuts, the prospects for earnings growth look very good," he said.

Financial results from Tata Consultancy Services Ltd are expected on Thursday, marking the start of the quarterly results season.

The biggest laggards in the NSE Nifty were Yes Bank Ltd and Titan Co Ltd.

Yes Bank's shares, which have been volatile over the past few weeks amid stake sales by the lender's promoters and concerns over its exposure to troubled real estate firms, dropped 7.9%.

Titan dived 5.2% after the watch and jewellery maker flagged lean sales and said its managing director of 17 years would step down.

Ultratech Cement Ltd was the top gainer in the NSE Nifty with a 2.5% rise.

Indian shares were largely unchanged on Wednesday, as global equities took a beating after US-China standoff broadened and as investors kept a cautious stance ahead of September-quarter corporate results.

Indian shares were largely unchanged on Wednesday, as global equities took a beating after US-China standoff broadened and as investors kept a cautious stance ahead of September-quarter corporate results. Broader Asian peers fell the most in a week as the United States and China's broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth. High-level talks between the world's top two economies on trade are due to resume on Thursday. The negotiations, which have been the global markets' most important catalyst for months, have weighed on investor sentiment. The broader NSE Nifty was down 0.16% at 11,108.40, as of 0440 GMT, while the benchmark BSE Sensex was 0.17% weaker at 34,467.77. Company earnings for the year ending March 2020 are expected to receive a boost after the Indian government moved to slash corporate taxes last month to 22% from 30%. "People are waiting for the start of the Q2 results," said Vinod Nair, head of research at Geojit Financial in Kochi, referring to the fiscal second quarter ended Sept. 30. "Because of the tax cuts, the prospects for earnings growth look very good," he said. Financial results from Tata Consultancy Services Ltd are expected on Thursday, marking the start of the quarterly results season. The biggest laggards in the NSE Nifty were Yes Bank Ltd and Titan Co Ltd. Yes Bank's shares, which have been volatile over the past few weeks amid stake sales by the lender's promoters and concerns over its exposure to troubled real estate firms, dropped 7.9%. Titan dived 5.2% after the watch and jewellery maker flagged lean sales and said its managing director of 17 years would step down. Ultratech Cement Ltd was the top gainer in the NSE Nifty with a 2.5% rise.

Sensex, Nifty flat as investors eye second-quarter results; Yes Bank, Titan drop