U.S.-China tariffs, oil and currencies

SINGAPORE — Markets in Asia-Pacific were subdued in early trade on Tuesday, as investors weighed a possible thawing of U.S.-China trade relations as U.S. President Joe Biden floated the idea of tariff cuts on Chinese goods. In Japan, the Nikkei 225 was down 0.4% in early trading, while the Topix was lower by 0.2%. South … Read more

Biden in Japan to launch regional economic plan to counter Beijing

U.S. President Joe Biden is greeted by Japan’s Foreign Minister Yoshimasa Hayashi upon arrival in Yokota Air Base in Fussa, Tokyo prefecture on May 22, 2022. Biden arrived in Japan on Sunday to launch a plan for greater U.S. economic engagement with the Indo-Pacific, facing criticism even before the program is announced that it will … Read more

Asia Markets: Stocks, economic growth, earnings

SINGAPORE — Shares in the Asia-Pacific region were poised to open mixed on Monday as global concerns continue to plague markets. In Japan markets, the Nikkei futures contract in Chicago was at 26,920, while its counterpart in Osaka was at 26,750. The Nikkei 225 closed at 26,739.03 on Friday. Australia’s SPI futures were at 7,129, … Read more

China benchmark lending rate, Wall Street losses

SINGAPORE — Shares in the Asia Pacific markets rose on Friday, with Hong Kong stocks leading gains as a volatile trading week comes to a close. The Hang Seng index jumped 2.2% in early trade and was last up 1.85%, while the Hang Seng Tech index spiked 3.55%. Chinese stocks listed in Hong Kong traded … Read more

Japan’s Nikkei 225 falls more than 2% as Asia-Pacific stocks fall

SINGAPORE — Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. The Nikkei 225 in Japan slipped 2.63% in early trade while the Topix index shed 2.31%. Japan’s exports rose 12.5% year-on-year in April, data from the country’s Ministry of Finance showed Thursday. That was lower than expectations for a 13.8% … Read more

Costs for switching from coal to renewables has plunged: TransitionZero

Power workers inspect photovoltaic power generation facilities at a 35-MEGAwatt “fish-light complementary” photovoltaic power station in Binhai New Area, Haian City, East China’s Jiangsu Province, on March 15, 2022. Costfoto | Future Publishing | Getty Images Record-high coal and gas prices have been pushing prices higher for consumers and businesses alike, but there could be … Read more

Strong air travel recovery in US, Europe, Latin America but Asia lags

International air travel has been making a strong recovery this year, with the exception of the Asia-Pacific region, which is “lagging significantly behind,” according to the International Air Transport Association (IATA). “Last year, international travel was at about 25% of where it was in 2019. First quarter of this year across the globe, it’s up … Read more

Japan’s Nikkei 225 rises 1% as Asia-Pacific stocks rise

SINGAPORE — Shares in Asia-Pacific rose in Wednesday morning trade as investors watch for market reaction to comments from U.S. Federal Reserve Chairman Jerome Powell on his resolve to raise rates till inflation comes down. The Nikkei 225 in Japan gained about 1% as shares of conglomerate SoftBank Group jumped 2.77%. The Topix index traded … Read more

Hong Kong’s Hang Seng index leads gains as Asia-Pacific stocks rise

SINGAPORE — Shares in Asia-Pacific were largely higher in Tuesday morning trade, with Hong Kong stocks leading gains regionally. The Hang Seng index surged 1.72% in morning trade as Chinese tech stocks jumped. Tencent rose 3.26% while Alibaba soared 4.79% and Meituan gained 3.18%. The Hang Seng Tech index traded 3.42% higher. Mainland Chinese stocks … Read more

North Korea’s Kim orders military to ‘stabilize’ drug supply amid Covid outbreak

North Korea acknowledged for the first time last week that it is battling an “explosive” Covid-19 outbreak. In this file photo, employees are seen spraying disinfectant as part of preventative measures against the virus at the Yokjon Department Store in Pyongyang on October 20, 2021. Kim Won Jin | AFP | Getty Images North Korean … Read more