Rising concerns over fertility rate and the Indonesian govt’s worrisome response
August 1, 2024
Asian news from South Korea
China’s conventional subs shifting underwater war balance
A newly spotted Chinese submarine with an advanced rudder design signals China’s rapid advancements in submarine technology, potentially shifting the balance of power in underwater warfare vis-à-vis the US.
Asia-Pacific markets mixed after Powell signals possible rate cut in September
Asia-Pacific markets were mixed on Thursday, after comments from U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut could come in September if inflation data remains "encouraging."
Alternative investors shifting assets into Japan, India: Preqin
TOKYO -- Alternative investors are racing to diversify their assets into Japan, India and South Korea, as China loses its luster as a destination for private equity, real estate, and venture capital investment.
Nvidia and ASML surge after reports of U.S. export control exemptions
NEW YORK -- Tech shares rallied early Wednesday, pushing the Nasdaq composite up over 2.5% after Microsoft and AMD earnings underpinned renewed enthusiasm for artificial intelligence spending.
South Korean military intel official arrested for allegedly leaking secrets, reportedly on spies
SEOUL, South Korea (AP) — A civilian employee in South Korea’s military intelligence command was arrested for allegedly leaking military secrets, the Defense Ministry said, as local media speculated the information was about South Korean spies operating abroad and that it may have been sent to North Korea.
AMD jumps 9% in premarket trading as global chip stocks rally after earnings and geopolitics lift sector
Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China.
ASML shares pop 7% after report that U.S. will exempt allies from new China chip restrictions
Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China.