Asia Economy
Asia-Pacific markets rise after Wall Street’s tech-fueled recovery
Panoramic view of Busan city, South Korea taken on sunrise. Alex Veprik | Moment | Getty Images Asia-Pacific markets open higher Wednesday, after Wall Street saw a tech-fueled recovery and a cryptocurrency rally. Bitcoin climbed over 7% to cross the $90,000 mark in overnight trading after a sharp sell-off a day earlier, and was last […]
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Why China’s real estate market is still searching for a bottom
China’s housing market is flashing fresh warning signs as the property downturn runs into its fifth year, with excess inventory dragging home prices. Sales of the top 100 developers plunged 36% in terms of value in November from a year earlier, despite a modest pick-up from a 42% decline in October, according to data published […]
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Tesla CEO Elon Musk bats for H-1B visas, says tariffs distort markets
Elon Musk reacts during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Tesla CEO Elon Musk said that the U.S. has been a beneficiary of talent from India, while adding that the H-1B visa program had been misused […]
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South Korea auto stocks rise after U.S. Commerce Secretary confirms tariffs lowered to 15%
Overlooking the city with Busan Tower in Yongdusan Park. Nampo-dong, Busan, South Korea. Jungang Yan | Moment | Getty Images Shares of South Korean auto companies rose Tuesday after U.S. Secretary of Commerce Howard Lutnick confirmed that lower U.S. auto tariffs of 15% on South Korea would retrospectively come into effect, starting Nov. 1. “We […]
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South Korea headline inflation at 2.4% y/y, bolstering case for rate pause
Stalls at the Gwangjang traditional market in Seoul, South Korea. Eric Lafforgue/art In All Of Us | Corbis News | Getty Images South Korea’s consumer prices rose 2.4% in November from a year earlier, driven by higher food and services costs, bolstering the case for the Bank of Korea to maintain interest rates at the current level for […]
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India’s industrial output grew just 0.4% in October, missing estimates
Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India’s industrial production grew just 0.4% in October, indicating a sharp slowdown in the economy. The Index of Industrial Production (IIP) fell short of September’s 4% growth and is even lower than the 3.1% […]
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China’s factory activity unexpectedly contracts in November, missing estimates, private survey shows
Chinese-made automobiles and construction machinery are assembled and shipped for export at Yantai Port in Yantai City, Shandong Province, China, on October 21, 2025. Costfoto | Nurphoto | Getty Images China’s factory activity unexpectedly contracted in November, according to a private survey released Monday, as soft domestic demand continued to cast a pall over the […]
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Asia-Pacific markets start December mixed with China’s manufacturing data in focus
Aerial view of vehicles being driven on the road through the central business district on October 5, 2020 in Beijing, China. Zhang Qiao | Visual China Group | Getty Images Asia-Pacific markets opened December on a mixed note Monday as traders awaited fresh manufacturing data from China and rising expectations of a U.S. Federal Reserve […]
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Top South Korean e-commerce firm Coupang apologises over massive data breach
Logos on facade at the shared headquarters of Internet company Coupang and security company SentinelOne in the Silicon Valley town of Mountain View, California, October 28, 2018. Smith Collection | Gado | Archive Photos | Getty Images South Korea’s biggest online retailer, Coupang apologised on Sunday over the breach of personal information from 33.7 million customer […]
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India economy grows at faster-than-expected 8.2% in September quarter even as tariffs bite
Hadynyah | E+ | Getty Images In a quarter partially affected by the 50% U.S. tariffs, the Indian economy grew faster than expected at an annual rate of 8.2% in the quarter ending in September. The growth was an acceleration from 7.8% in the previous quarter, when a lower deflator unexpectedly boosted real growth. A […]
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