Asia News
Shares in Asia-Pacific are set to slide after the Fed’s Powell hints at 50 basis point hike for May
SINGAPORE — Shares in Asia-Pacific looked set for a lower start Friday as investors watch for market reaction to overnight remarks from U.S. Federal Reserve Chairman Jerome Powell. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,100 while its counterpart in Osaka was at 27,130. That […]
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South Korea’s new central bank governor flags weaker growth
South Korea’s new central bank governor Rhee Chang-yong said the Ukraine crisis, U.S. monetary tightening, and Covid-19 resurgence in China as near-term factors weighing on economic growth amid persistently high inflation. Bloomberg | Bloomberg | Getty Images South Korea’s new central bank governor Rhee Chang-yong said on Thursday that economic growth is expected to weaken […]
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Shares in Asia-Pacific edge higher as investors monitor Covid in China, yen moves
SINGAPORE — Shares in Asia-Pacific edged higher in Thursday morning trade as investors continue to watch China’s Covid situation along with moves in the Japanese yen. The Nikkei 225 in Japan gained 0.39% while the Topix index advanced 0.23%. South Korea’s Kospi climbed 0.31%. Over in Australia, the S&P/ASX 200 nudged fractionally higher. MSCI’s broadest […]
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Myanmar’s military government denies rumors of fuel shortages
Myanmar’s Ministry of Electricity and Energy denied that there was a fuel shortage, saying unfounded rumors and inadequate infrastructure for retail sales were to blame. Nurphoto | Nurphoto | Getty Images Myanmar’s military government has denied the country is suffering from a shortage of fuel after rumors about low supplies of gasoline and diesel led […]
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Asia-Pacific stocks mixed; China’s latest benchmark lending rate ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday morning trade following overnight gains on Wall Street that saw the tech-heavy Nasdaq Composite surging more than 2%. Investors will also watch for the release of China’s latest benchmark lending rate. The Nikkei 225 climbed 0.55% in early trade as shares of robot maker Fanuc jumped […]
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Asia-Pacific stocks rise; China announces financial support for Covid-hit sectors
SINGAPORE — Shares in Asia-Pacific edged higher in Tuesday morning trade, as investors watched for market reaction to China’s central bank announcing financial support for Covid-hit sectors. The Nikkei 225 in Japan jumped 1.11% in early trade while the Topix index gained 0.99%. South Korea’s Kospi climbed 0.72%. In Australia, the S&P/ASX 200 advanced 0.22%. […]
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Asia stocks decline as investors react to mixed Chinese economic data
SINGAPORE — Asia markets largely slipped in Monday trade, with investors reacting to the release of Chinese economic data, including first-quarter gross domestic product figures. In Japan, the Nikkei 225 fell 1.5% as shares of Fast Retailing declined nearly 2%. The Topix index shed 1.22%. Mainland Chinese stocks were also lower, with the Shanghai composite […]
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China holds military drills around Taiwan as U.S. delegation visits
China’s military sent frigates, bombers and fighter planes to the East China Sea and the area around Taiwan on Friday, in a move the People’s Liberation Army said was intended to target the “wrong signals” sent by the United States. Seen here in a file photo, J15 fighter jets are on China’s sole operational aircraft […]
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Japan’s shares set for lower open; U.S.-listed Chinese tech stocks drop overnight
SINGAPORE — Japan’s markets are set to fall at Friday’s open, after U.S. stocks fell overnight as Treasury yields climbed to highs. The Nikkei futures contract in Chicago was at 26,955 while its counterpart in Osaka was at 26,920 — lower than the Nikkei 225’s last close at 27,172. Economic data due out on Friday […]
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Turning nickel into EV batteries: Indonesia wants to take its mining industry to the next level
Indonesia is looking to revitalize its resource sector. President Jokowi Widodo has vowed to boost the resource sector’s contribution to national GDP by increasing downstream activities. In this photo taken in October 2021, an excavator is loading up coal onto a dump truck at a coal mine operated by PT Khotai Makmur Insan Abadi in […]
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