Breaking News: Asia
Bank of Korea lowers interest rates for the fourth time, flags more cuts ahead
This photo taken on Nov. 24, 2022 shows the building of Bank of Korea BOK in Seoul, South Korea. South Korea’s central bank on Thursday raised its policy rate to curb inflation, delivering six back-to-back rate hikes for the first time. (Photo by Wang Yiliang/Xinhua via Getty Images) Wang Yiliang | Xinhua News Agency | […]
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China’s industrial profits rise 3% in April after output beat estimates despite U.S. tariffs
An employee works on a vehicle crankshaft production line at a factory which produces engine parts in Binzhou, in eastern China’s Shandong province on March 14, 2025. Str | Afp | Getty Images China’s industrial profits rose for a second straight month in April, official data showed Tuesday, despite prohibitive U.S. tariffs and persistent deflationary […]
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Asia-Pacific markets set for muted open as investors assess Trump’s tariff plans
Overlooking the city with Busan Tower in Yongdusan Park. Nampo-dong, Busan, South Korea. Jungang Yan | Moment | Getty Images Asia-Pacific markets are set to have a muted open Tuesday, as investors assessed U.S. President Donald Trump’s postponement of 50% tariffs on European Union imports. Japan’s benchmark Nikkei 225 was set to open slightly higher, with the futures […]
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Asia-Pacific markets rise as investor sentiment picks up on Trump’s EU tariffs deadline extension
Gyeonggi Province Bridge Over River With Buildings Against Sky, South Korea Jackyenjoyphotography | Moment | Getty Images Asia-Pacific markets rose Monday as investors welcomed U.S. President Donald Trump’s extended deadline on the imposition of 50% tariffs on imports from the European Union. Japan’s benchmark Nikkei 225 started the day 0.49% higher while the broader Topix index added 0.45%. […]
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China says U.S. dialogue to continue as Beijing hints trade talks are advancing
Trade tensions between the world’s two largest economies have escalated in the last two weeks. Dilara Irem Sancar | Anadolu | Getty Images The U.S. and China have agreed to maintain communication following a call between Chinese Vice Foreign Minister Ma Zhaoxu and U.S. Deputy Secretary of State Christopher Landau, according to a brief readout […]
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Japan’s core inflation climbs to 3.5%, highest in more than 2 years
TOPSHOT – Customers enter an electronics shop in the Akihabara district of Tokyo on January 12, 2024. Richard A. Brooks | Afp | Getty Images Japan’s core inflation accelerated to 3.5% in April, government data showed on Friday, bolstered in part by surging rice prices, as the central bank considers pausing its rate hike posture […]
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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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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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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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