Reuters Asia Business

TAIPEI (Reuters) – Taiwan’s central bank said on Monday that it will intervene if necessary to ensure the stability of the Taiwan dollar exchange rate and that it has “sufficient ability” to deal with fluctuations, following steep falls in global stock markets. Financial markets around the world have been impacted by fallout from U.S. President …

Taiwan central bank says it will intervene if needed to ensure forex stability Read More »

By Leika Kihara TOKYO (Reuters) -The Bank of Japan said uncertainty over Japan’s economy was growing as some firms worried about the hit to profits from higher U.S. duties, a sign that President Donald Trump’s sweeping tariffs risk upending a moderate economic recovery. One of the BOJ’s branch managers described the Trump-induced turmoil as “unlike …

BOJ says uncertainty for Japan economy growing as Trump tariffs rock markets Read More »

SHANGHAI (Reuters) -Hong Kong stocks experienced their biggest drop since 1997 on Monday after Beijing fired back at U.S. tariffs with its own trade levies, deepening market turmoil amid fears of a widening trade war, while China’s sovereign wealth fund intervened to stabilise local shares. Hong Kong’s Hang Seng index slumped 13.2%, the biggest one-day …

HK shares suffer steepest decline since 1997, state fund steps in China shares Read More »

SEOUL (Reuters) – Samsung Electronics’ television business is expected to be less affected by U.S. tariffs than rivals because most of its TVs sold in North America are produced in Mexico, an executive said on Monday. Still, Samsung, the world’s top TV maker, will continue to watch the changing U.S. tariff policy, and depending on …

Samsung says TV business to be less affected by US tariffs due to Mexico output Read More »

By Kevin Buckland TOKYO (Reuters) -Japan’s Nikkei share average slumped on Monday to the lowest level in 1-1/2 years, with the index of Japanese bank stocks diving more than 17% at one point, as concerns over a tariff-induced global recession continued to rip through markets. The Nikkei dropped as much as 8.8% to hit 30,792.74 …

Japan’s Nikkei sinks to 1-1/2-year low as bank shares tumble Read More »

(Reuters) -An index of European banking <.SX7P shares fell 4.8% on Monday, falling more than 20% from recent closing high and leaving it on course to confirm it is in a bear market. The decline extended into a third day as U.S. President Donald Trump’s sweeping tariffs ignited fears of an all-out trade war and …

European bank shares on course for bear market Read More »