Container ships dock to load and unload containers at Qianwan Container Terminal of Qingdao Port in Qingdao, China, on August 29, 2024. Costfoto | Nurphoto | Getty Images China’s factory activity grew modestly among smaller manufacturers last month as export orders offset weakening domestic consumption, according to a private survey. The Caixin/S&P Global manufacturing PMI … Read more
Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets open mixed on Monday as investors look toward a packed week of economic data and assess China’s business activity figures released over … Read more
Pattaya, Thailand, could see an influx of tourists if a casino gets built in the city. Boonchai Wedmakawand | Moment | Getty Images Thailand is working on a new game plan to boost foreigner arrivals and increase tourism spending: casinos. The strategy has worked for Macao — which has overtaken Las Vegas as the world’s … Read more
China’s slow post-Covid recovery could be a lasting headwind for its stock market. With the mainland’s two largest indexes — the Shanghai Composite and the Shenzhen Composite — each negative so far in 2024, KraneShares Chief Investment Officer Brendan Ahern thinks government stimulus is necessary to kick-start the country’s stock market performance. “Investors, particularly in … Read more
TOKYO, JAPAN – AUGUST 23: Bank of Japan Governor Kazuo Ueda attends a session in the financial affairs committee at the lower house of parliament on August 23, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News The Bank of Japan is widely expected to stick to its monetary policy tightening campaign as inflationary … Read more
People walk through Shibuya on June 23, 2020 in Tokyo, Japan. Carl Court | Getty Images Asia-Pacific markets climbed Friday after economic data from the U.S. calmed recessionary fears, while investors also assessed a slew of data from Japan. Initial jobless claims in the U.S. fell to 231,000 from the prior week’s 232,000, but were … Read more
Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. SeongJoon Cho | Bloomberg | Getty Images Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results … Read more
The Melbourne skyline is reflected in the Maribyrnong River in the early morning light on April 18, 2023. William West | AFP | Getty Images Asia-Pacific markets opened lower on Wednesday, ahead of Australia’s July inflation numbers. Minutes of the Reserve Bank of Australia’s last meeting revealed that the central bank had considered raising interest … Read more
With a plum position atop many “Best Places to Travel” lists, Japan is on track to welcome a record-breaking number of travelers in 2024. But China faces a different reality: a far slower return of international visitors. Both countries dropped Covid-related border restrictions relatively late — Japan in October 2022, and China in January 2023 … Read more
An aerial photo is showing containers at Beilun Port in Ningbo, Zhejiang province, China, on April 11, 2024. Nurphoto | Nurphoto | Getty Images Asia-Pacific markets largely fell on Tuesday, despite the Dow Jones Industrial Average on Wall Street reaching new highs. The blue-chip index closed up 65.44 points, or 0.16%, at 41,240.52. Traders in … Read more
