Asia Economy
Asia markets rise after Wall Street slides overnight
Anek S | 500px Plus | Getty Images Asia-Pacific markets rose Thursday, breaking ranks with Wall Street which declined sharply after U.S. Federal Reserve Chair Jerome Powell cautioned that the ongoing trade tensions could challenge the central bank’s goals of controlling inflation and spurring growth. Japan’s benchmark Nikkei 225 was up 0.48% in early trade, […]
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China replaces top international trade negotiator as talks with Washington stall
Trade tensions between the world’s two largest economies have escalated in the last two weeks. Dilara Irem Sancar | Anadolu | Getty Images China on Wednesday appointed Li Chenggang as vice minister of commerce and a top representative for international trade negotiation, according to an official statement, replacing Wang Shouwen. The appointment makes Li, 58, […]
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China’s first-quarter GDP tops estimates at 5.4% as growth momentum continues amid tariff worries
Dongsanhuan Ring Road, CBD, Beijing, China. Xiaoyang Liu/Construction Photography/Avalon | Getty Images China’s economy expanded by a better-than-expected 5.4% in the first quarter, maintaining a strong momentum, even as U.S. tariff threats prompt major investment banks to slash the country’s annual growth outlook. The first-quarter GDP topped Reuters’ poll expectations for a 5.1% growth year […]
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Asia-Pacific markets open lower as investors await China GDP and sales data
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 lower Wednesday after Wall Street declined overnight as investors assessed quarterly earnings, while tariff worries continued to weigh on investor sentiment. Japan’s Nikkei 225 […]
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India’s inflation falls to cooler-than-expected 3.34% in March
A laborer carries a sack filled with refined wheat flour to load it onto a supply truck at a wholesale market in Kolkata, India, on April 10, 2025. Nurphoto | Nurphoto | Getty Images India’s annual inflation rate fell to a lower-than-expected 3.34% in March, the country’s Ministry of Statistics and Programme Implementation reported Tuesday. The […]
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South Korea announces over $23 billion for chip sector as Trump tariffs on semiconductor imports loom
Visitors look at the display of SK Hynix Inc. 12-layer HBM3E memory chips at the Semiconductor Exhibition (SEDEX) in Seoul, South Korea, on Wednesday, Oct. 23, 2024. Bloomberg | Bloomberg | Getty Images South Korea announced Tuesday a support package of 33 trillion won ($23.25 billion) for its vital semiconductor industry, as heightened uncertainty over […]
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Asia-Pacific markets mostly rise after tech rally pushes Wall Street higher
The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai. Bruce Yuanyue Bi | The Image Bank | Getty Images Asia-Pacific markets mostly rose Tuesday after all three key benchmarks on Wall Street rose on a tech rally. Japan’s benchmark Nikkei 225 started the day 1.12% higher, while the broader Topix […]
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Singapore sees zero growth as a possibility this year as it cuts GDP outlook on tariff worries
View of MAS building, Singapore Lee Yen Nee Singapore on Monday eased its monetary policy for the second straight time, as the city-state sees zero growth this year as a possibility after posting a lower-than-expected GDP expansion of 3.8% for the first quarter. The Monetary Authority of Singapore had eased its policy stance in its […]
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Asia-Pacific markets set to climb after Trump pauses tariffs on consumer electronics
A Chinese flag flies high over The Bund. Liu Liqun | Corbis Documentary | Getty Images Asia-Pacific markets were set to climb Monday as U.S. President Donald Trump paused tariffs on some consumer electronics, boosting risk sentiment. Trump exempted smartphones and computers as well as other devices and components such as semiconductors from his new “reciprocal” tariffs, […]
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How China used Vietnam to evade higher U.S. tariffs
The threat of rising tariff rates on U.S. imports could hobble the economic trajectory of countries such as Vietnam. Foreign direct investment in Vietnam has increased in recent years as firms search for ways to manage risks stemming from production in China. Vietnam has received approximately $18.5 billion in net foreign direct investment, according to World Bank […]
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