Asia
The money news of Asia: China, Japan, India, Korea and the Southeast Asian markets driving global growth.
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At high-end Hong Kong hotels, rates check in above pre-pandemic highs, outpace market
Hong Kong’s luxury hotels have outpaced the city’s broader hospitality market since last year, with their room rates exceeding 201…
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Bruce Rockowitz Sees Al as Growth Engine for Wellness, Dining and Media Businesses
[The content of this article has been produced by our advertising partner.] Artificial intelligence is rapidly moving from experim…
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Taiwan, Japan and China Batten Down for Mega Typhoon Bavi
The biggest storm in decades is tipped to sweep through northern Taiwan on Friday and into eastern China on Saturday, which was hi…
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Ukraine’s drone playbook is wreaking havoc in Russia — and upending where NATO wants to invest
Ukraine’s deep drone strikes on Russian refineries are reshaping the war and pushing NATO toward a $40 billion counter-drone plan.
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Xiaomi preps for fierce EV race with new SUV line, long-range battery tech
Xiaomi, the smartphone vendor that has become one of Tesla’s biggest challengers in mainland China after entering the electric veh…
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Small-cap IPOs struggle in Hong Kong amid lack of AI megadeals
The streak of strong returns in the Hong Kong initial public offering (IPO) market has ended, as smaller companies face a liquidit…
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Why the world’s best-performing stock market this year fell into bear territory
The Kospi fell more than 5% on Wednesday, which brought it 20% below its June 19 record high, according to LSEG data.
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China’s top DRAM maker sets date for US$4.3b Shanghai IPO amid memory boom
Chinese memory giant ChangXin Memory Technologies (CXMT) kicked off the final stage of its Shanghai listing, setting a subscriptio…
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Shares soar as recently-listed Zhipu AI and Iluvatar CoreX launch secondary placements
Shares of Chinese artificial intelligence model developer Zhipu AI and chipmaker Iluvatar CoreX Semiconductor surged on Thursday a…
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Hong Kong stocks retreat as regional tech volatility offsets short covering
Hong Kong stocks closed mixed on Thursday as a rally in major technology firms and solid mainland inflows offset a broader market …
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Hong Kong top retirement choice for ultra-rich expats, St James’s Place says
Two-thirds of ultra-rich expatriates living in Hong Kong plan to retire in the city, thanks to stronger financial benefits, accord…
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Yuan: global ambitions
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Goldman Sachs forecasts 50% jump for battery giant CATL’s shares as energy storage takes off
Contemporary Amperex Technology Co Limited (CATL) will see 50 per cent growth in its share price to a record high over the next 12…
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AXA Global Private makes Hong Kong debut
[The content of this article has been produced by our advertising partner.] AXA Group has rolled out AXA Global Private as a unifi…
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China now has 7 of world’s 10 biggest banks as Beijing’s financial ambitions grow
China’s “big four” state-run banks are the largest in the world in terms of asset scale, a new report has found, underscoring Beij…
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Inside India newsletter: India's $50 billion worth of IPOs at risk as Trump ends Iran ceasefire
After a slow start this year, IPOs worth $50 billion were ready to hit Indian markets. These plans are at risk after the U.S. ende…
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When will Hong Kong’s retail leasing market see a turnaround?
Hong Kong’s retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing’s cra…
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The Peninsula’s owner and SF Holding set up captive insurers in Hong Kong
The owners of luxury hotel brand The Peninsula and logistics firm SF Holding have gained approval from Hong Kong’s insurance regul…
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Trump doubles down on push for control over Greenland as Denmark vows to defend it
U.S. President Donald Trump on Wednesday said the U.S. needs to control Greenland “for the protection of the world."
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Beijing seeks chip stability and fair market access during Dutch trade minister’s trip
Beijing has urged the Netherlands to ensure fair treatment for Chinese companies and maintain stable chip supply chains during a v…
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Chinese profit-taking triggers record gold ETF outflows amid shift to equities
Chinese investors pulled a record US$2.91 billion out of domestic gold exchange-traded funds (ETFs) in June, taking profits as a s…
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Hong Kong IPO debut delayed in rare move over missing regulatory data: sources
Hong Kong witnessed a rare delay of an initial public offering (IPO) debut on Wednesday, the first in more than eight months, trig…
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China further boosts Hong Kong’s role as offshore yuan hub
China’s central bank announced more measures to expand Hong Kong’s role as an offshore yuan hub, injecting “vitality” into the cit…
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China Ramps Moves on Taiwan, Trump Says Iran Ceasefire Over
Analysts say Beijing is bolstering its naval deployment around Taiwan, as geopolitical tensions and oil prices rise in the Middle …