Reuters Asia Business

By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) -Shares in SK Hynix and Samsung Electronics dropped on Monday after Washington revoked authorisations that allowed them to secure U.S. semiconductor manufacturing equipment for their chip plants in China. The move will make it difficult for the South Korean chipmakers to upgrade their factories in China, potentially …

Shares in Samsung, SK Hynix drop after US makes it harder to produce chips in China Read More »

By Rocky Swift and Anton Bridge TOKYO (Reuters) -Eric Trump took the stage in Tokyo on Monday to throw his support behind Japanese bitcoin treasury company Metaplanet, as the U.S. president’s family expands its crypto ventures internationally. The second son of President Donald Trump was named in March as an adviser to Metaplanet, which holds …

Eric Trump takes stage in Japan as bitcoin firm Metaplanet votes on capital plan Read More »

By Makiko Yamazaki TOKYO (Reuters) -Japanese corporate spending on plant and equipment climbed 7.6% in April-June from a year earlier, but the outlook for business investment has clouded as manufacturers’ profits slide on pain caused by U.S. tariffs. On one hand, the healthy rise in capital expenditure signals supports the case for the central bank …

Japan capex logs sharp rise but manufacturers’ profits tumble on US tariffs Read More »

By Jihoon Lee SEOUL (Reuters) -South Korea’s export growth in August slowed more than markets had anticipated, as tariffs sent U.S.-bound shipments tumbling to their sharpest decline since the COVID-19 pandemic, trade data showed on Monday. Exports from Asia’s fourth-largest economy, an early bellwether for global trade, rose 1.3% from the same month last year …

South Korea August exports miss forecast as US tariffs weigh Read More »

TOKYO (Reuters) -Japan’s factory activity shrank in August on decreasing orders from overseas, a private sector survey showed on Monday, as the impact of U.S. tariffs began to squeeze the country’s export-reliant manufacturing sector. The S&P Global Japan Manufacturing Purchasing Managers’ Index (PMI) was at 49.7 in August, which slightly undershot the flash reading of …

Japan’s factory activity shrinks on falling export orders, PMI shows Read More »

SHANGHAI (Reuters) -China’s manufacturing activity shrank for a fifth straight month in August, an official survey showed on Sunday, suggesting producers are waiting for further clarity on a trade deal with the U.S. while domestic demand remains sluggish. The official purchasing managers’ index (PMI) rose to 49.4 in August versus 49.3 in July, remaining below …

China manufacturing activity shrinks for fifth straight month in August Read More »