Asia Economy
Asia markets set for higher open after Wall Street extends gains on hopes of softer Trump tariffs
pedestrians walking across with crowded traffic at Shibuya crossing square.Shibuya crossing is the busiest road crossing in the world. Shibuya, Tokyo, Japan, Jaczhou | E+ | Getty Images Asia-Pacific markets were set to open higher Wednesday, tracking Wall Street gains on expectations that U.S. President Donald Trump’s tariffs could be softer than expected earlier. Australia’s […]
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Chinese EV giant BYD outpaces Tesla with annual sales of more than $100 billion
EV cars are pictured inside BYD’s first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. Chalinee Thirasupa | Reuters Chinese automaker BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, leapfrogging U.S. rival Tesla as […]
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Asia-Pacific markets set to open mixed after Wall Street rallies on expectations of softer tariffs
Tien Nguyen | 500px Plus | Getty Images Asia-Pacific markets were set to open mixed Tuesday, after Wall Street gained on hopes that U.S. President Donald Trump’s tariffs could be be softer than expected. Australia’s S&P/ASX 200 started the day 0.63% higher. The country’s budget will be tabled by Treasurer Jim Chalmers later in the day. […]
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Singapore inflation hits four-year low, below average MAS forecast for 2025
Signage for the Monetary Authority of Singapore is displayed outside the central bank’s headquarters in Singapore, on October 22, 2019. Singapore’s central bank tightened its monetary policy on Thursday, saying the widely forecast move will slow the inflation momentum. Ore Huiying | Bloomberg | Getty Images Singapore’s consumer price index grew 0.9% year on year […]
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South Korea’s Prime Minister Han Duck-soo’s impeachment struck down by Constitutional Court
Han Duck-soo, South Korea’s prime minister and acting president, speaks during a news conference after lawmakers passed a motion to impeach South Korean President Yoon Suk Yeol in Seoul, South Korea, on Dec. 14, 2024. Bloomberg | Bloomberg | Getty Images South Korea’s Prime Minister Han Duck-soo’s impeachment was struck down by the country’s Constitutional […]
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China’s bond yields are rising — but economists say deflation worries could soon pull them lower
Pedestrians walk along a street in Beijing’s Central Business District on July 9, 2024. Wang Zhao | Afp | Getty Images The recent rebound in China’s government bond yields is not a sign of reflation, economists say, as persisting deflationary pressure is expected to keep borrowing costs low. An intensified selloff in China’s government bonds […]
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Japan inflation eases to 3.7% in February, down from a two-year high
The owner of rice shop Tadao Koike carries a bag of rice at his shop in Tokyo on February 14, 2025. Yuichi Yamazaki | Afp | Getty Images Japan’s headline inflation rose 3.7% year on year in February, easing from a two-year high of 4% seen in January. Core inflation — which excludes prices of […]
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Foreign visitors have been driving Japan’s economy. A stronger yen could reverse that trend
Tourists take photos of early blooming Sakura trees in front of a convenience store in Tokyo. Early blooming Sakura trees in Tokyo, particularly varieties like Kawazu-zakura, typically start flowering in late February to early March, ahead of the more common Somei Yoshino cherry blossoms that peak in late March to early April. The phenomenon is […]
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China’s central bank follows U.S. Fed in keeping rates steady as tariff threats pressure yuan
BEIJING, CHINA – JANUARY 06: The People’s Bank of China (PBOC) building is seen on January 6, 2025 in Beijing, China. Visual China Group | Getty Images China kept its key lending rates unchanged on Thursday, as Beijing juggles propping up growth and stabilizing its currency amid mounting trade frictions. The People’s Bank of China […]
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Asia-Pacific markets open higher after Fed keeps interest rate steady
A pedestrian jogs along the Bund across from buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Thursday, Jan. 2, 2025. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets opened higher, tracking Wall Street gains following the Federal Reserve’s decision to hold interest rates steady. The U.S. central bank also noted that a severe […]
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