Asia Economy
Nvidia’s set to regain some China access. But it still faces eroding AI chip market share
Photo illustration of Nvidia’s H20 chip. Vcg | Visual China Group | Getty Images Nvidia‘s H20 chips are likely to return to China, but tech experts don’t expect them to be met with the same fanfare in the market in light of new competition and regulatory scrutiny. The Trump administration last month gave Nvidia assurances […]
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India’s IT layoffs spark fears that AI is hurting jobs in a sector critical to its economy
Avishek Das | Sopa Images | Lightrocket | Getty Images India’s IT sector is facing job cuts, and analysts are wary about what the impact of artificial intelligence might mean for an industry critical to the country’s broader economy. The country’s largest private sector employer, Tata Consultancy Services, which employs over half a million IT […]
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Asia-Pacific stocks set to slip as investors weigh tariffs, OPEC+ output hike
Investors will be keeping a watch on oil prices after OPEC+ agreed to raise production to 547,000 barrels per day in September. Source
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The global crypto wave is catching on in Asia as businesses warm up to stablecoins
Businesses across Asia are increasingly warming up to stablecoins for cross-border transactions — a trend set to accelerate further as Hong Kong moves to legalize the use of digital tokens, experts told CNBC. From online travel agencies and luxury goods resellers to high-end hotels, companies are embracing stablecoin for payments, citing both speed and cost-efficiency […]
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Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods
U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025. Kent Nishimura | Reuters U.S. President Donald Trump signed an executive order Thursday that modified “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%. […]
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How Asian countries are reacting to Trump’s latest tariffs announcement as deadline looms
President Donald Trump speaks alongside Secretary of Commerce Wilbur Ross. Saul Loeb | AFP | Getty Images U.S. President Donald Trump on Thursday stateside rejigged the so-called “reciprocal” tariff rates for several countries, ahead of the Friday deadline announced earlier. The White House also announced a 40% tariff rate for all goods transshipped to avoid […]
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Asia-Pacific markets fall after Trump modifies tariff rates
Asia-Pacific markets start the day lower Asia-Pacific markets started the day lower Friday. Japan’s Nikkei 225 benchmark fell 0.65%, while the broader Topix index was flat as of 8:15 a.m. Singapore time (8:15 p.m. ET Thursday). In South Korea, the Kospi index dropped 1.73%, while the small-cap Kosdaq declined by 2.1%. Over in Australia, the S&P/ASX 200 benchmark […]
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Asian visitors to Japan fell because of a strange manga prediction. Here’s why
A fan of Japanese manga reads a comic in his home in Kamisu in Japan’s Ibaraki Prefecture. Philip Fong | Afp | Getty Images Visitor interest in Japan plunged in June, amid a prophecy in a manga that predicted a “disaster” would strike Japan in July 2025. The prediction was in a 2021 reprint of […]
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Trump’s tariff deadline is near. Here’s a look at countries that have a deal — and those that don’t
U.S. President Donald Trump calls on a reporter during a meeting with Philippine President Ferdinand Marcos Jr. in the Oval Office at the White House on July 22, 2025, in Washington, D.C. Chip Somodevilla | Getty Images News | Getty Images Come Friday, the world will have to contend with higher tariff rates from the […]
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Asia-Pacific markets trade mixed as investors assess U.S.’ 15% tariffs on South Korea; await Bank of Japan’s rate decision
Asia-Pacific markets start the day mixed Asia-Pacific markets opened mixed Thursday. Japan’s Nikkei 225 benchmark moved up 0.21% while the broader Topix index ticked up 0.28%, as of 8.10 a.m. Singapore time (8.10 p.m. ET Wednesday). In South Korea, the Kospi index fell 0.14% while the small-cap Kosdaq was flat. Over in Australia, the S&P/ASX 200 benchmark fell […]
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