Asian Financial Markets

Asian Markets Slip as Wall Street Rallies on Trump’s Re-Election, Led by Key Financial Stocks

Asian markets faced a mostly lower trading day Tuesday, largely overshadowed by the rally on Wall Street, as investors interpreted the re-election of President Donald Trump as a potentially positive signal for certain U.S. stocks. Trump’s re-election and his administration’s...
Shigeru Ishiba

Japanese Government Unveils Ambitious $65 Billion Tech Investment Plan to Boost Semiconductor and AI Sectors

In a sweeping move to bolster Japan’s technology sectors, Prime Minister Shigeru Ishiba has pledged an unprecedented $65 billion in public aid to the nation’s semiconductor and artificial intelligence industries. The funding plan, which targets strategic expansion through fiscal 2030,...
Korea Zinc

Korea Zinc Weighs $1.8 Billion Share Sale Amid Shareholder Tensions and Regulatory Concerns

Korea Zinc Co., the world’s largest refined zinc producer, announced Tuesday that it is carefully reconsidering a controversial $1.8 billion share sale plan. The plan, which initially surprised the market and sparked significant backlash from both regulators and investors, remains...
Michael Waltz

Trump’s Pick for National Security Advisor Signals Shift in U.S. Foreign Policy Focus to Confront China, Away from Europe and Middle East

President-elect Donald Trump’s recent appointment of Florida Congressman Mike Waltz as National Security Advisor has signaled a significant shift in the United States’ foreign policy priorities, potentially setting the stage for heightened tensions with China. Waltz, an Army Green Beret...
Vietnam

Vietnam’s Communist Party Leader To Lam Congratulates Donald Trump on Presidential Victory, Discusses Economic Ties

Vietnam's Communist Party Chief, To Lam, congratulated former U.S. President Donald Trump on his recent electoral victory in a phone call on Monday. The conversation between the two leaders covered avenues for enhancing economic collaboration, according to an official statement...
Crude Oil Prices

Oil Prices Stabilize as Markets Await OPEC Report Following China’s Stimulus and Supply Concerns

In early trading on Tuesday, oil prices exhibited little movement as investors awaited key insights from the upcoming monthly report by the Organization of Petroleum Exporting Countries (OPEC). This report is anticipated to shed light on production levels, demand forecasts,...
Alibaba

Alibaba Records “Robust Growth” in Sales and Sets Shopper Record During 2024 Singles’ Day Event

China’s largest e-commerce platform, Alibaba Group, has announced impressive sales numbers following this year’s Singles’ Day shopping festival, reporting “robust growth” and a “record number” of shoppers. The annual retail event, which began as a one-day affair on November 11,...
Xi Jinping-Prabowo Subianto

Indonesia Rejects China’s South China Sea Claims Despite New Maritime Development Deal

Indonesia announced on Monday that it does not recognize China’s sweeping claims over the South China Sea, despite having recently signed a maritime development agreement with Beijing. The deal, which aims to promote fisheries and environmental conservation, comes amid rising...
XI Jinping -Donald Trump

China Expresses Concern Over Potential U.S. Climate Policy Reversal Under Donald Trump

As the 29th Conference of the Parties (COP29) climate talks unfold in Baku, Azerbaijan, Beijing has voiced concerns about the impact of former U.S. President Donald Trump’s possible return to office on global climate change efforts. China's top climate envoy,...
Philippines Explores Acquisition of Typhon Missile System to Strengthen Regional Defense

Philippines Explores Acquisition of Typhon Missile System to Strengthen Regional Defense

Philippines Explores Acquisition of Typhon Missile System to Strengthen Regional DefenseThe Philippines is reportedly considering the acquisition of a ground-to-ground missile system, with the U.S.-manufactured Typhon Mid-Range Capability (MRC) missile system emerging as a leading contender. This potential acquisition reflects...
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