Tag: Asia Economy
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Japan exports and imports grow at fastest pace in June since November 2022, beating estimates
Exports climbed 19.3%, while imports spiked 25.4% compared to June last year.
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Wall Street can wait: Why one U.S. biotech firm is listing in Hong Kong first
Global biotech firms are increasingly being drawn to Hong Kong for its growing investor base and proximity to Chinese pharmaceutical partners.
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India’s largest asset management firm makes a muted market debut after a $1 billion IPO
SBI Funds Management, whose billion-dollar IPO garnered bids worth $31 billion, made a subdued debut with shares listing at a 7% premium.
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U.S. condemns China’s ‘dangerous and aggressive’ acts after Philippine sailor injured at disputed shoal
The flare-up came before Rubio is expected to visit Manila for meetings of Southeast Asian foreign ministers, with Chinese diplomat Wang Yi also in attendance.
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Shares of leading Indian private-sector banks slump 5% on weak earnings in June quarter
Shares of Indian private-sector lenders fell on Monday as they reported a sharp contraction of net interest margins during the June quarter earnings.
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‘Give me my money back’: South Korean traders’ leveraged SK Hynix, Samsung bets unravel after selloff
South Korean retail investors suffer heavy losses after Samsung and SK Hynix shares reverse sharply.
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U.S. hits Iran for ninth consecutive night as American casualties mount
The U.S. military began a ninth consecutive night of strikes against Iran, escalating a campaign aimed at destroying Tehran’s ability to disrupt shipping in the Strait of Hormuz.
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Chinese startup Moonshot AI unveils Kimi model it says rivals OpenAI, Anthropic
It’s the latest AI model from China to close the performance gap with leading U.S. AI labs.
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India’s biggest IPO this year rakes in bids worth $31 billion, powered by institutional frenzy
The IPO of India’s largest asset manager closed on Thursday, drawing keen interest from institutional investors.
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One of China’s top investors says finance, not AI, is the country’s biggest bottleneck
Finance would be China’s weak point in a prolonged rivalry with the U.S. which has the world’s deepest capital market, says Primavera Capital founder Fred Hu.
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