Asian Financial Markets

Asian Markets Decline: Japanese Stocks Gain Amid Caution Over US Election, Fed Decision

In a mixed session for Asian markets, Japanese stocks saw gains on Wednesday, while most other markets in the region fell as investors treaded cautiously ahead of the upcoming US presidential election and a pivotal Federal Reserve rate decision next...
French Navy

French Navy Joins Taiwan Strait Following US and Canada, Stirring China’s Concerns

France has sent the Prairial (F731), a Floréal-class frigate, through the Taiwan Strait, according to a report published on October 29, 2024. The French vessel’s transit follows recent voyages by both the United States and Canadian navies, reflecting a rising...
NASAMS Advanced Surface-to-Air Missile System

US Arms Sale to Taiwan: NASAMS Air Defense to Fortify Island’s Asymmetric Capabilities, Provoking Chinese Retaliation

In a strategic move to bolster Taiwan’s defensive capabilities, the U.S. State Department’s Bureau of Political-Military Affairs recently sanctioned a significant arms deal valued at $2 billion. This package includes advanced defensive weaponry, prominently featuring the National Advanced Surface-to-Air Missile...
Phone calls

Chinese Women Voice Concerns Over Government ‘Fertility Calls’ Amidst Declining Birth Rates

A recent surge in unusual phone calls to Chinese women regarding family planning has sparked a wave of online debate and criticism across Chinese social media platforms. The calls, reportedly part of a grassroots government campaign aimed at understanding family...
China Yunxing Jet

China’s Yunxing Jet Completes Test Flight, Eyes Supersonic Commercial Travel by 2027

In a major milestone for the next generation of aviation, Space Transportation, a Beijing-based aerospace company, announced on October 27 that its high-speed jet prototype, Yunxing, completed a successful test flight just a day prior. Capable of reaching speeds of...
Electricity

China’s Electricity Demand Surges Amid Record Heatwaves and Economic Stimulus Efforts

China's electricity demand is projected to surge faster than previously anticipated in 2024, spurred by intense summer heatwaves and the economic stimulus initiatives designed to revitalize demand, according to the China Electricity Council’s (CEC) latest quarterly report. The council, which...
US-China Chip

US Finalizes Investment Curbs on Advanced Technologies in China to Protect National Security

To countering perceived threats to national security, the Biden administration has finalized rules to restrict U.S. investments in sensitive Chinese technologies. The new guidelines, announced by the Treasury Department on Monday, October 28, will effectively prohibit U.S.-based firms, citizens, and...
Xi Jinping-Joe Biden

Xi Jinping Presses Biden to Adjust U.S. Stance on Taiwan Independence

During a critical diplomatic exchange last year near San Francisco, Chinese President Xi Jinping pressed U.S. President Joe Biden to make a key change to the language the United States uses to express its stance on Taiwan’s independence. According to...
Crude Oil

Oil Prices Rebound After Plunge, Buoyed by U.S. Strategic Petroleum Reserve Plan Amid Middle East Uncertainty

Oil prices saw a moderate uptick on Tuesday following a dramatic drop on Monday, with Brent crude futures increasing by 0.6% to $71.86 per barrel, while U.S. West Texas Intermediate (WTI) crude rose by 0.7% to $67.83. The bounce was...
Japanese Yen

Yen Stumbles as Japanese Political Landscape Shifts; Dollar Holds Steady Amid Economic Anticipation in U.S.

The Japanese yen lingered near a three-month low against the U.S. dollar on Tuesday as Japan’s ruling coalition fell short of a parliamentary majority in weekend elections, stirring concerns about the country’s political and economic trajectory. Meanwhile, the U.S. dollar,...
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