Perfect storm looming large over global markets
SEOUL — The sharp drop in South Korean stocks Wednesday (September 4) demonstrated how quickly Wall Street’s sudden stumble is reverberating around the globe.
Block 1 asian news
China threatens chip war retaliation against Dutch, Japanese
Chinese state media and officials have threatened to retaliate against the Netherlands and Japan, urging them not to accept Washington’s requests to strengthen their chip export controls targeting China.
Japan poised for another record-busting defense budget
Japan’s military spending is edging closer to its targeted 2% of gross domestic product (GDP), with big new budget earmarks for drones, missile defense, satellites, cyber defense and cloud-based command and control systems.
China’s sluggish factories spurring hotter stimulus calls
That loud sputtering sound emanating from China is increasing in volume as factory activity contracts for a fourth straight month.
India drifting away from minimum nuclear deterrence
India’s commissioning of a second nuclear-powered submarine marks a bold, if not provocative, step in its nuclear deterrence amid rising geostrategic rivalry with China and ever-present tensions with neighboring Pakistan.
Avalanche alert: China may dump dollars when Fed eases rates
The US Federal Reserve has a rather checkered history in Asia, particularly since the mid-1990s.
Alibaba’s listing upgrade the lift Hong Kong needs
Alibaba Group Holding will complete on Wednesday (August 28) its long-delayed conversion to a primary listing from secondary status on the Hong Kong Stock Exchange. The move could be as big a deal for the city as the e-commerce juggernaut itself.
Ukraine toys with Chernobyl-like disaster at Kursk
Ukraine has tried to attack the Kursk nuclear power plant, reinforcing a theory that the Kursk offensive aims at creating significant havoc by either capturing or wrecking the facility.