Most Asian stocks retreated on Tuesday as optimism over a deal to raise the U.S. debt ceiling was offset by fears of worsening ties between Beijing and Washington, amid renewed sparring between the two over trade and political sanctions. Chinese stocks were the worst performers for the day, with the […]
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Asian Stocks Rise, Nikkei At 33-Year High On Debt Ceiling Optimism
Most Asian stocks rose on Monday as markets cheered a tentative deal between U.S. lawmakers to hike the debt ceiling and avert a default, with Japan’s Nikkei racing back to near 33-year highs on improved risk appetite. The Nikkei 225 was the best performer in Asian markets, up 1.4% to […]
Economic Development In Asia Still Faces Many Challenges, China Minister Says
Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China’s commerce minister Wang Went said. Wang made the comments at the Asia-Pacific Economic Cooperation (APEC) conference in Detroit, where he met with several leaders and exchanged views on multilateral and bilateral economic and trade issues amid […]
Japan outshines Asian Stocks On Tech Strength, Chinese Markets Lag
Japanese stocks moved back towards a 33-year high on Friday, outpacing their Asian peers amid increased optimism over chipmaking stocks, while Chinese markets lagged as investors fretted over slowing economic growth and worsening U.S. ties. Broader Asian stocks also ticked lower in anticipation of more cues on the U.S. debt […]
Asian Stocks Drop Amid Default Fears, Nvidia Boosts Chipmaking Shares
Most Asian stocks fell on Thursday as fears of a U.S. debt default persisted amid little progress toward raising the debt ceiling, although chipmaking stocks outperformed tracking a robust outlook from Nvidia. Japan’s Nikkei 225 index rose 0.6%, supported chiefly by nearly 16% jump in semiconductor testing equipment maker Advantest […]
South Korea Asks US to Review China Rule For Chip Subsidies
South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a U.S. public filing showed. In March, the U.S. commerce department proposed rules to prevent China and other countries it deems to […]
Crypto verse: Busy Bitcoin Births New Breed of Crypto
Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glasson, almost 40% higher than the previous peak in 2017. Bitcoin’s dominance, or its share of the overall $1.16 trillion cryptocurrency market, has swelled to 44% from 38% at the start of the year. […]
Australia wins U.S. Support For Critical Minerals Industry
Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as other minerals like rare earths used […]
Explainer-What India’s Decision to Scrap Its 2000-Rupee Note Means For its Economy
India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023. The decision is reminiscent of a shock […]
European Stock Futures Higher; U.S. Debt Optimism, Solid Earnings Help Tone
European stock markets are expected to open higher Friday, benefiting from the global optimism that a U.S. debt default will be avoided, but concerns about future growth remain. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France climbed 0.3% and […]