Asia Business

European stock markets retreated Friday, as traders booked profits from a positive start to 2025 and awaited a full return to business next week.Asia’s main equity indices closed mostly higher, with Seoul jumping nearly two percent despite deepening political uncertainty in Asia’s fourth-largest economy.There were gains also for Hong Kong, Sydney and Taipei, although Shanghai …

European stock markets retreat after positive start to year Read More »

Asian markets gained on Friday, bucking retreats on Wall Street as the dollar advanced and markets reopened following the New Year’s holiday.Hong Kong, Sydney and Taipei climbed, while Seoul surged nearly two percent higher despite deepening political uncertainty in Asia’s fourth-largest economy.South Korean investigators abandoned their attempt to arrest impeached President Yoon Suk Yeol at …

Asian shares rise, defying slow Wall Street start to 2025 Read More »

China said on Friday it would take “all necessary measures” in response to the United States announcing it was considering restrictions on commercial Chinese drones for national security reasons.On Thursday, the United States Commerce Department said it was considering new rules to address risks posed by drones made with technology from foreign adversaries such as …

Beijing slams US over potential Chinese drone ban Read More »

US President Joe Biden has decided to block the proposed $14.9 billion purchase of US Steel by Japan’s Nippon Steel and will announce the move as soon as Friday, according to US media.A White House announcement of the presidential finding is being planned unless Biden has a last-minute change of heart, according to the Washington Post …

Biden to block US-Japan steel deal: US media Read More »

China is “determined” to continue opening up its economy to the world in 2025, a top economic planning official said Friday, as Beijing steels itself for potential trade turmoil when US President-elect Donald Trump takes office.The world’s second-largest economy has struggled to revive growth following the Covid-19 pandemic and remains beset by a debt crisis …

China says ‘determined’ to open up to world in 2025 Read More »

South Korea was set Friday to move the tail section of the Jeju Air plane that crashed last week, killing 179 people in the worst aviation disaster on its soil, officials said.The flight was carrying 181 passengers and crew from Thailand to South Korea on Sunday when it issued a mayday call and belly-landed before …

South Korea to lift Jeju Air plane tail after fatal crash Read More »

Asian markets gained on Friday, bucking retreats on Wall Street as the dollar advanced and markets reopened following the New Year’s holiday.Hong Kong, Sydney and Taipei stocks climbed, while South Korea’s Kospi Index surged nearly two percent higher despite the ongoing political uncertainty in Asia’s fourth-largest economy.South Korean investigators attempted to arrest impeached President Yoon …

Asian shares rise defying slow Wall Street start to 2025 Read More »

Global stocks began 2025 in muted fashion while the dollar advanced Thursday as markets gird for a much heavier news flow later in January with the inauguration of President-elect Donald Trump.US stocks opened the day higher but tumbled into the red mid-session before concluding the day modestly lower.”It feels like we won’t have all of …

Mixed day for global stocks as dollar pushes higher Read More »

Wall Street made a positive start to the year Monday, shrugging off falls in Asia as investors await planned tariffs from US president-elect Donald Trump, adding to China’s economic struggles.Midway through 2025’s first session, while the Dow was just 0.2 percent in the green the tech-heavy Nasdaq Composite Index had added around 0.6 percent.That was …

Wall Street lifts spirits after Asia starts year in red Read More »

Wall Street made a positive start to the year Monday, shrugging off falls on Asian markets as investors await planned tariffs from US president-elect Donald Trump, adding to China’s economic struggles.Around half an hour into trading, the Dow and the tech-heavy Nasdaq Composite Index had added around three quarters of one percent, in 2025’s first …

Wall Street dons early green after Asia starts year in red Read More »