Breaking News: Asia
Asia-Pacific markets jump as Trump pauses tariffs on Canada and Mexico
Tokyo Tower, Tokyo’s famous landmark, rises high above the skyscrapers in Azabu, Roppongi and Toranomon districts. A tilt-shift lens was used in order to obtain a miniature effect. Krzysztof Baranowski | Moment | Getty Images Asia-Pacific markets rose Tuesday after Donald Trump paused tariffs on Mexico for a month, while Canada also said the U.S. president […]
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China’s January factory growth misses expectations as exports decline ahead of U.S. tariffs, Caixin PMI shows
Workers making Care Bears at a factory in Ankang, China. CNBC China’s factory activity slowed in January as export orders dwindled ahead of additional U.S. tariffs that are set to come into effect Tuesday, a private-sector survey showed Monday. The seasonally adjusted Caixin/S&P Global manufacturing purchasing manager’s index came in at 50.1 in January, missing […]
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Trump tariffs on Canada, Mexico and China begin Saturday, White House says
U.S. President Donald Trump signs executive orders in the Oval Office at the White House in Washington, U.S., Jan. 30, 2025. Elizabeth Frantz | Reuters In an apparent ending to weeks of intense speculation, the White House confirmed Friday that President Donald Trump will be leveling aggressive tariffs this weekend on major U.S. trading partners. […]
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Samsung fourth-quarter profit misses estimates, falls sharply from previous quarter
Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Friday reported better-than-expected fourth-quarter revenue and operating profit, though its operating profit sharply dropped from last quarter. Here are Samsung’s fourth-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who […]
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Japan stocks set to rise while Aussie market opens higher, as Wall Street rises
Crowded and busy Ameyoko shopping street in Tokyo, Japan Visualspace | E+ | Getty Images Japan stocks were set to rise Friday after Wall Street rose overnight as investors assessed Big Tech earnings. Futures for Japan’s benchmark Nikkei 225 in Chicago were at 39,715, while their counterpart in Osaka last traded at 39,580, against the […]
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China PMI surprises as factory activity contracts in January; December industrial profits jump
Workers produce garments for export to overseas markets at Sihong Guoshun Garment Co., Ltd. in Weiying town, Sihong County, Suqian city, East China’s Jiangsu province, on January 23, 2025.. Costfoto | Nurphoto | Getty Images China’s factory activity in January unexpectedly contracted, reversing the expansionary momentum in the past three months, partly due to a […]
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Bank of Japan hikes policy rates by 25 basis points to highest since 2008
Bank of Japan Governor Kazuo Ueda responds to questions during a Governors talk on Japanese inflation and monetary policy at the International Monetary Fund (IMF) and the World Bank Group 2024 Fall Meeting in Washington, U.S., October 23, 2024. Kaylee Greenlee Beal | Reuters The Bank of Japan hiked rates by 25 basis points Friday […]
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Asia-Pacific markets track Wall Street gains as Trump pushes for rate cuts
Osaka, Japan. Jiale Tan | Moment | Getty Images Asia-Pacific markets climbed Friday, after the S&P 500 hit record highs on Thursday as U.S. President Donald Trump called for lower interest rates and cheaper oil prices. Japan’s core inflation rate rose to a 16-month high at 3% in December, year on year, boosting the case […]
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Singapore eases monetary policy for the first time since 2020, warns of growth slowdown
The Monetary Authority of Singapore building in Singapore. Wei Leng Tay | Bloomberg | Getty Images Singapore on Friday loosened its monetary policy for the first time since 2020, citing a faster than expected decline in inflation and warning about a growth slowdown. The Monetary Authority of Singapore said it would slightly reduce the slope […]
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South Korea fourth-quarter GDP grows at its slowest pace in six quarters, missing expectations
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023. Advance figures missed the 1.4% expansion expected by economists polled by Reuters, and the growth was also softer compared with the 1.5% rise […]
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