Tag: Breaking News: Asia
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Asian tech stocks rebound after global rout; Samsung up 9%
Asia’s technology stocks rebounded on Wednesday after global equities posted steep losses in the previous session.
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MSCI keeps South Korea as emerging market, delays Indonesia review amid downgrade risk
The review comes amid hopes that Seoul could be included in MSCI’s Developed Markets watchlist.
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China imposes trade curbs on dozens of U.S. firms in retaliation for Pentagon blacklist
The Pentagon earlier this month updated its so-called 1260H list by adding a slew of Chinese technology companies to a roster of entities it believes have aided Beijing’s military.
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Three Iranian tankers exit U.S. blockade for first time in months as shipowners eye Hormuz in ‘wary disbelief’
At least three Iranian tankers carrying nearly five million barrels of crude oil have exited the U.S. Navy blockade.
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Japan exports in May grow at fastest pace in more than three years, beating estimates
Japan’s exports in May grew at their fastest pace since November 2022, boosted by robust demand for cars and semiconductors.
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Bank of Japan hikes rates to highest since 1995 as yen languishes at historic lows
This is the BOJ’s first hike since December, when it raised rates to its current level of 0.75%, also its highest level in over 30 years.
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China economy weakens further in May as retail sales post first drop in over three years
China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, adding to signs the economic slump deepened.
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China May wholesale inflation hits near 4-year high on Iran war, AI costs; CPI misses
Price growth has been boosted by a surge in global commodity costs, as the Middle East conflict disrupted energy and raw material flows.
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China trade defies Iran war drag as exports, imports beat estimates in May
China’s economy has shown signs of faltering following a strong first-quarter.
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Pentagon expands list of China military-linked firms to include Alibaba, Baidu in fresh blow to diplomatic thaw
The Pentagon briefly posted a similar expanded list in February, then withdrew it without explanation before Trump’s China trip.
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