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Nikkei staff writers in asian news

Nikkei staff writers - Japan corporate profits up 10% on weak yen, AI demand - asia.nikkei.com - Japan - China - city Tokyo

Japan corporate profits up 10% on weak yen, AI demand

TOKYO -- Japan's listed companies are performing well, posting a year-on-year combined net profit increase of 10% in April to June on continued AI-related demand and the weak yen, according to data compiled by Nikkei. But corrections in the local currency and sluggish demand in China offer some cause for concern.

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Nikkei staff writers - Japan's Rapidus to fully automate 2-nm chip fab, president says - asia.nikkei.com - Japan - city Tokyo

Japan's Rapidus to fully automate 2-nm chip fab, president says

TOKYO -- Japanese chipmaker Rapidus plans to use robots and artificial intelligence to fully automate production at a chip fabrication facility being built in northern Japan, a move meant to slash delivery times compared with rivals, President Atsuyoshi Koike told Nikkei.

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Nikkei staff writers - Currency strategists see yen closing out the year in the mid-140s - asia.nikkei.com - city Tokyo

Currency strategists see yen closing out the year in the mid-140s

TOKYO -- More currency strategists predict the yen to end the year stronger than they had expected, in the mid-140 range to the dollar, following the currency's recent surge.

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Nikkei staff writers - India stock rally falters over tax hike plan, governance doubts - asia.nikkei.com - India - city Tokyo - city Mumbai

India stock rally falters over tax hike plan, governance doubts

TOKYO/MUMBAI -- Indian equities are losing ground this month as the government moves to cool down overheated retail betting on the stock market and international investors tap the brakes.

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Nikkei staff writers - Japan hotels scramble for foreign workers as tourists flood country - asia.nikkei.com - Japan - city Tokyo

Japan hotels scramble for foreign workers as tourists flood country

TOKYO -- Japanese hotel operators plan to employ more foreign staff in the coming years as the industry struggles to fill the hole left by pandemic-era job cuts amid a tourism rebound that has sent demand surging.

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Nikkei staff writers - Japan's automakers lose market share in China, Thailand as EVs spread - asia.nikkei.com - Japan - China - Thailand - city Tokyo

Japan's automakers lose market share in China, Thailand as EVs spread

TOKYO -- Japanese automakers are rethinking their strategies in China and Thailand after double-digit sales declines there in the April-June period, with consumers in those key markets and beyond increasingly shifting to electric vehicles.

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Vladimir Putin - Nikkei staff writers - Trade with Asia 'lifeline' for sanction-hit Russia, says Oleg Deripaska - asia.nikkei.com - China - Russia - India - Ukraine - city Tokyo - city Moscow - city Sanction

Trade with Asia 'lifeline' for sanction-hit Russia, says Oleg Deripaska

TOKYO -- Asian countries' trade with Russia since its invasion of Ukraine has been vital for its economic survival amid a barrage of Western sanctions, according to a billionaire oligarch considered close to President Vladimir Putin.

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KENJI KAWASE and PEGGY YE - Nikkei staff writers - TSMC-linked China auto chip maker plunges over 30% in Hong Kong IPO - asia.nikkei.com - China - Taiwan - Hong Kong - city Hong Kong

TSMC-linked China auto chip maker plunges over 30% in Hong Kong IPO

HONG KONG -- Black Sesame International, an automotive chip maker from China that fully relies on Taiwan Semiconductor Manufacturing Co. (TSMC) for its production, made a dismal debut on the Hong Kong Exchange on Thursday, plunging below its initial public offering price.

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