As Beijing’s trade dispute between the United States and China gets worse, a report from on Tuesday ( Apr 15 ) revealed that China has instructed its airlines to stop taking deliveries of jets from the American aviation giant Boeing. The two biggest markets have been engaged in a tit-for-tatContinue Reading
The top currency diplomat of Japan announced on Wednesday ( Apr 9 ) that it would work with the Group of Seven advanced economies and the International Monetary Fund to stop a market rout caused by US tariffs. After a trilateral meeting of executives from Japan’s Ministry of Finance, theContinue Reading
Tokyo: A rebound rally on Wall Street was halted by worries about a US-China trade war as Japan’s main Nikkei index of shares fell in early trading on Wednesday ( April 9 ). South Korea’s currency, on the other hand, dropped to its lowest level against the dollar since 2009,Continue Reading
HONG KONG: Asian markets battled on Tuesday ( April 8 ) to recover from the tariff-heavy collapse the day before, but Donald Trump’s warning of additional measures against China and Beijing’s pledge to fight” to the end” raised concerns that the trade war might worsen. Since the US president announcedContinue Reading
Trump retaliated on Monday, saying he was” no looking” at any delay in the application of tariffs. However, brokerage firm Monex stated in a note that” NVidia’s stabilization and the 2.7 % rise in the Philadelphia Semiconductor Index ( SOX ) are expected to trigger buybacks in Japan’s high-priced, semiconductor-heavyContinue Reading
Following an allegation of inappropriate conduct during a social gathering outside of work hours, Honda Motor announced on Monday ( Apr 7 ) that it had accepted the resignation of Executive Vice President Shinji Aoyama. In light of the seriousness of the situation, Honda did not provide more details aboutContinue Reading
HONG KONG: China’s Xiaomi said on Tuesday ( Apr 1 ) that it was actively cooperating with police after a fatal accident involving a SU7 electric vehicle on Mar 29 and that it had handed over driving and system data. The event marks the first big incident involving the SU7Continue Reading
As investors prepare themselves for a wave of US tariffs this week that has fueled recession fears, Hong Kong led another decline across Asian markets on Monday ( Mar 31 ).
In recent weeks, stocks across the globe have been hit heavily onward of Donald Trump’s” Liberation Day,” which will feature a number of charges against both friends and foes, citing what he calls unjust trading practices.
His news last week that he may also impose 25 % duties on imports of all vehicles and parts sparked a panic on trading floors, hammering auto giants like Japan’s Toyota, the largest in the world.
Governments around the world have reacted to Trump’s taxes and are considering imposing additional countermeasures, while Canadian Prime Minister Mark Carney announced on Friday that he will employ punitive tariffs to defend his country’s employees and business.
Data from last month’s survey of the Federal Reserve’s favored measure of inflation, which was exacerbated by concerns that Trump’s tariffs will stifle price increases and stifle further interest rate reduction, heightened the mood.
On Monday, businesses across the board experienced a decline, with businesses in all industries feeling the strain.
The decline in Japan’s Nikkei 225 index, which included manufacturers Toyota, Nissan, and Mazda, increased by more than 4 %, while it investment leader SoftBank experienced a decline of more than 5 %, adding to last week’s decline.
The stock’s decline placed it in a adjustment, having fallen more than 10 % from its most recent optimum in December.
Zensho Holdings, which operates a number of Chinese restaurant businesses, lost 3. 9 percent after Sukiya, a chain that serves meat dish, announced it would temporarily close nearly all of its 2,000 locations after finding a bug in another meal and a rat in one.
Additionally, the sea was significantly lower.
The car charges did hit Japan and South Korea the hardest in the Asia-Pacific area, according to the report. Automobiles are shipped to the US for about 6 % of Japan’s entire exports. In the case of South Korea, it’s 4 %, according to economists from Moody’s Analytics.
A” significant tax increase” will “erode trust,” hurt production, and stifle orders. The effects will have a ripple effect on these locations ‘ economy because of the lengthy and complex supply chains in car manufacturing.
According to “back-of-the-envelope calculations, the behavior may cut 0.” 2 to 0. 5 percentage points in each’s progress. “
Samsung and Samsung Electronics, South Korean tech giant, and SEUL ( Mar 25 ) announced on Tuesday that Han Jong-hee, its co-CEO, has died from cardiac arrest. Han was 63. Han served as co-CEO of Samsung’s consumer electronics and smart devices section, while Jun Young-hyun, a different co-CEO, manages theContinue Reading
BEIJING: For the first time ever, it announced that it would build a charging network throughout China on Monday ( Mar 17 ), unveiled a new platform for electric vehicles ( EVs ) that it claimed would charge EVs as quickly as it takes to pump gas. The so-called” veryContinue Reading