ASIA ECONOMY

The yen had been under intense pressure in recent weeks, falling as low as 163.73 against the dollar before recovering to around 157.57 after authorities stepped into the market.

China's stock market faces its worst month in years as Zhongji Innolight's IPO falls flat amid a global AI selloff.

China's homegrown DUV lithography breakthrough sent chip stocks tumbling, but the country remains far behind in the lithography manufacturing techniques needed to compete effectively in the global AI race.

Chinese AI startups are winning over global developers with low-cost open-weight models, but soaring compute costs and heavy losses show that widespread adoption has not yet created a profitable business model.

Goldman Sachs said Asia's foreign exchange market has effectively split between economies benefiting from booming AI investment and chip exports and nations more vulnerable to rising energy costs.

China's artificial intelligence race has produced another breakout moment. Moonshot AI's new product launch brought too much demand for them to handle.

South Korean regulators freeze new single-stock leveraged tech ETFs and triple retail margin requirements after extreme "Roller KOSPI" volatility driven by retail AI bets decouples from Samsung and SK Hynix's stable earnings.

According to data released Wednesday by China's National Bureau of Statistics, gross domestic product expanded 4.3% between April and June compared with a year earlier.

South Korea's benchmark Kospi stock market index has tumbled into bear-market territory just weeks after reaching a record high and taking the title of the best-performing market of the year.

Samsung Electronics delivered one of the strongest quarters in its history, posting a more than 1,800% year-over-year jump in operating profit. However, its stock tumbled on the trading session.

South Korean memory chip giant SK Hynix is taking its artificial intelligence success story directly to Wall Street, launching a massive $28.07 billion American depositary receipt (ADR) offering.

Though sanctions on Iranian oil exports have been waived as part of the ceasefire deal with the U.S., Tehran could face not having any interested buyers.

Japan's central bank raised interest rates to their highest level in more than three decades, tightening monetary policy as the country grapples with inflationary pressures.

Data released Tuesday by China's National Bureau of Statistics showed that retail sales, a key gauge of consumer spending, fell 0.6% in May from a year earlier.

Meta has reportedly completed an operational separation from Manus and halted data sharing between the two companies as it works to comply with a directive issued by Chinese authorities.

From Starbucks' Tank Day blunder to election protests, South Korea's political climate is making it one of the world's riskiest brand environments.

Retail sales rose just 0.2% from a year earlier in April, the weakest increase since December 2022, according to data from China's National Bureau of Statistics.

The fate of Nvidia's powerful H200 artificial intelligence chips in China remained unresolved Friday after Trump's visit to China ended without a breakthrough, according to a new report.

Japan's Nikkei 225, South Korea's Kospi and Taiwan's Taiex have all reached new highs, tracking a broader global rally that has also pushed U.S. indexes such as the S&P 500 and Nasdaq Composite to record territory.

The 8.7% increase was the strongest in 18 months and came as imports rose just 0.5%, falling short of expectations as the Chinese economy slows.

Growth in Southeast Asia's largest economy was 5.05 percent in the second quarter, slightly lower than the previous quarter's 5.11 percent, Statistics Indonesia said.

Asian markets were mixed Tuesday following a drop on Wall Street, though Shanghai and Hong Kong were lifted by a pledge by authorities to boost investment in a range of stocks as they look to staunch a long-running rout.

President Xi Jinping said Sunday the Chinese economy had grown "more resilient and dynamic" in 2023, despite financial figures continuing to disappoint as the post-Covid recovery stalls.

After a two-week visit to Sri Lanka, an IMF team said the South Asian country failed to make enough progress in boosting tax collection and other economic reforms. Despite encouraging signs of improvement, Sri Lanka's recovery is "not yet assured" after the first review of its $2.9 billion bailout.

Once upon a time, China's leadership could swiftly address the country's economic problems. It could quickly turn economic slowdowns into booms.

The agreement, which comes as the world is finding ways to accelerate the adoption of clean energy, is aimed at reducing "the effects of climate change, such as carbon capture, utilization and storage."

The rapid depreciation of the Chinese currency sounds like a paradox. China is still a significant exporter of manufacturing goods with a trade surplus, creating a strong demand for its currency.

China must recognize its youth unemployment problem. It's getting from bad to worse, with the government stopping providing data on it.

China's aggressive expansion into Africa may have solved some of the problems of the old continent while enriching the country's construction companies in the process. But it has yet to help solve China's growing economic problems.