Asia Economy
Xpeng shares soar 10% in Hong Kong as Chinese carmaker forecasts upbeat revenue
Guangzhou-based Xpeng is one of several Chinese electric car companies that’s started to expand overseas. Feature China | Future Publishing | Getty Images Chinese electric-vehicle maker Xpeng saw its shares in Hong Kong surge over 10% Thursday following upbeat earnings and stronger-than-expected revenue forecast for the second quarter. Its shares soared as much as 10.2% […]
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Asia-Pacific markets fall, tracking declines on Wall Street
Japan finance minister calls U.S. tariffs ‘regrettable’ as trade talks stall Japan’s Finance Minister Katsunobu Kato said on the sidelines of the Group of Seven meeting in Banff, Canada, that the U.S. tariffs are “regrettable,” Reuters reported Thursday. In a bilateral meeting between Kato and U.S. Treasury Secretary Scott Bessent, both sides agreed that the […]
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Asia-Pacific markets mostly rise after Wall Street rally pauses
Pedestrians walking across a crowded traffic at Shibuya crossing square in Tokyo, Japan. Jaczhou | E+ | Getty Images Asia-Pacific markets traded mostly higher Wednesday after Wall Street halted its six-day win streak. Japan’s benchmark Nikkei 225 slipped 0.23% after the country reported that exports slowed for a second straight month as the country reels […]
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Japan exports growth slows for a second straight month as U.S. tariffs bite
Vehicles awaiting shipment are parked at a port on March 27, 2025 in Yokohama, Japan. U.S. Tomohiro Ohsumi | Getty Images Japan exports growth slowed for a second straight month, government data showed Wednesday, as the country reels under U.S. President Donald Trump’s sweeping tariffs. Exports growth of 2% was in line with Reuters-polled analysts’ […]
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South Korea vows support for biopharmaceutical, auto sectors over US tariffs
Vehicles produced by South Korean automaker Kia Motors are lined up ready to be shipped at the company’s shipping yard at the Port of Pyeongtaek on April 03, 2025 in Pyeongtaek, South Korea. Chung Sung-Jun/Getty Images South Korea’s government pledged on Wednesday more support measures for key export industries, including the biopharmaceutical and auto sectors, which are expected to be hit by […]
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Chinese businesses stick to diversifying away from the U.S. despite trade truce, survey shows
Vessels carrying shipping containers sail near Kwai Tsing Container Terminal in Hong Kong, China, April 23, 2025. Tyrone Siu | Reuters The intense trade war with the U.S. has left lasting scars on Chinese exporters with many looking to diversify away from the U.S., despite the temporary tariff reprieves, a private survey found. Based on […]
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Australia cuts policy rate to 2-year low as inflation concerns continue to recede
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank cut its policy rate by 25 basis points to the lowest in two years as inflation concerns in […]
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China cuts benchmark lending rates for the first time in 7 months in Beijing’s growth push
A general view of shoppers is seen in a retail store in Shanghai, China, on May 10, 2025, as China’s CPI declines in April amid a trade war. Ying Tang | Nurphoto | Getty Images China cut its key lending rates by 10 basis points on Tuesday, as a stronger yuan and easing trade tensions […]
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Asia-Pacific markets rise as investors eye Reserve Bank of Australia and China loan prime rate decisions
Cityscape image of Sydney, Australia with Harbor Bridge and Sydney skyline during sunset. Vacation and travel in Australia. Prasit Photo | Moment | Getty Images Asia-Pacific markets climbed Tuesday as investors look toward the Reserve Bank of Australia’s policy rate decision, as well as the listing of the world’s largest battery manufacturer Contemporary Amperex Technology. […]
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Chinese exporters are offering sweet deals to U.S. businesses. They often come wrapped in fraud
China Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, U.S., May 12, 2025. Carlos Barria | Reuters Chinese exporters are offering lucrative deals to U.S. customers with promises of bearing the full burden of tariffs. Look beneath and there’s a web of […]
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