Asia Economy
Asia-Pacific markets set to track Wall Street declines as Trump tariffs dent sentiment
China World Trade Center. Dukai Photographer | Moment Open | Getty Images Asia-Pacific markets were set to fall Tuesday, tracking Wall Street declines overnight after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Japan’s benchmark Nikkei 225 was set to open lower, with the […]
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China’s February factory activity expands at fastest pace in three months, private survey finds
Workers weld acid batteries at the Leoch International Technology Ltd. factory in Saltillo, Coahuila, Mexico, on Monday, Oct. 7, 2024. Mauricio Palos | Bloomberg | Getty Images China’s factory activity expanded its its fastest pace in three months to 50.8 in February, a private-sector survey showed on Monday, as millions of migrant workers returned to […]
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Asia-Pacific markets rise as investors await clarity on Trump’s tariff plans
Main Bazar, Paharganj known for its concentration of hotels, lodges, restaurants, dhabas and a wide variety of shops catering to both domestic travellers and foreign tourists, especially backpackers and low-budget travellers. Hadynyah | E+ | Getty Images Asia-Pacific markets rose Monday as investors awaited clarity on U.S. President Donald Trump’s plans to impose impose tariffs […]
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America’s appetite for gold is ‘sucking’ bullion out of other countries
Osakawayne Studios | Moment | Getty Images Strong U.S. demand for gold is “sucking” bullion out of some countries as traders try to stockpile it before U.S. President Donald Trump’s tariffs on Canada and Mexico kick into high gear. There’s a “glut of gold” in New York’s vaults, Adrian Ash, BullionVault’s director of research, told […]
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China likely to cut inflation outlook to two-decade low, lay out stimulus plans at ‘Two Sessions’ meeting
BEIJING, CHINA – MARCH 5: A Chinese policeman stands guard outside the Great Hall of the People before the opening ceremony of the National People’s Congress (NPC), or parliament, on March 5, 2005 in Beijing, China. Cancan Chu | Getty Images News | Getty Images China is expected to acknowledge a significant softening in domestic […]
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Seven & i shares plunge over 12% as management buyout falls through
Seven & i private branded cooked meals at a 7-Eleven convenience store, operated by Seven & i Holdings Co., in Tokyo, Japan, on Thursday, Jan. 18, 2024. Bloomberg | Bloomberg | Getty Images Shares of Japan’s Seven & i Holdings plunged as much as 12.44% Thursday after the company said the founding family had failed […]
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Asia markets mostly higher as key Wall Street benchmarks rise amid fresh Trump tariff threats
The city skyline of Lujiazui Shanghai Center in China, on March 13, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets were mostly higher Thursday, after key Wall Street indexes rose amid fresh tariff threats from U.S. President Donald Trump. Australia’s S&P/ASX 200 traded 0.37% higher at the open. Japan’s Nikkei 225 rose 0.32% […]
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Asia-Pacific markets trade mixed after key Wall Street benchmarks fall on economic concerns
Melbourne’s skyline at dusk Kokkai Ng | Moment | Getty Images Asia-Pacific markets traded mixed Wednesday, tracking declines in two key Wall Street benchmarks overnight after the U.S. consumer confidence survey came in much weaker than economists’ estimates. Japan’s benchmark Nikkei 225 and Topix were in negative territory for the second consecutive day. The Nikkei 225 started the […]
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Bank of Korea cuts rates to lowest since August 2022 to boost sluggish growth
People walk past the Korea Exchange (KRX) building in Seoul, South Korea, on Dec. 9, 2024. Daniel Ceng | Anadolu | Getty Images South Korea’s central bank cut rates by 25 basis points Tuesday to their lowest since August 2022, as it strives to stimulate a slowing economy. The Bank of Korea cut rates to […]
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Singapore inflation climbs at the slowest rate since February 2021
Buildings in Singapore, on Monday, Feb. 17, 2025. Bloomberg | Bloomberg | Getty Images Singapore’s inflation climbed by its lowest rate since February 2021, increasing 1.2% year on year in January, down from 1.6% in December. This is the first key piece of economic data since Singapore unveiled its 2025 budget on Feb. 18, which […]
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