Tag: Breaking News: Asia
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LNG market disruption may continue for months as a top producer withholds some Italian shipments
QatarEnergy extended its force majeure, withholding four additional liquefied natural gas cargoes until September.
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Indonesia jails former education minister for 10 years in Google Chromebook graft case
Makarim was found guilty in a case over the procurement of Google Chromebooks for schools
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China factory activity grows faster than expected in June on tech export demand
China’s manufacturing engine held up this year as surging demand for artificial intelligence technology helped offset the drag from Middle East turmoil.
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SoftBank sinks 11% as Asia tech rout tracks declines in the U.S.
SoftBank Group plunged, leading a broad selloff in Asian technology stocks amid mounting concerns over the rising cost of artificial intelligence infrastructure.
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SK Hynix surges 11% after filing for blockbuster Nasdaq listing
Shares of South Korean chip giant SK Hynix surged 11% on Thursday after the company said it is seeking to raise as much as $29.4 billion.
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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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