Markets

The S&P 500 hit another intraday record high on Sept. 19, one day after the U.S. Federal Reserve cut interest rates for the first time in four years.
China's yuan recovered all intraday losses on Sept. 19 to close near a 16-month high against the dollar.
Currencies

Chinese yuan closes near a 16-month high on rising stimulus hope

People's Bank of China expected to trim key interest rates on Friday

A screen on the trading floor displays a news conference with Federal Reserve Chair Jerome Powell following the rate announcement on Wednesday.
Equities

Japan's Nikkei average rises 2.1% following U.S. rate cut

Yen's limited appreciation driving stocks higher, Monex says

19 September 2024
The U.S. Federal Reserve cut interest rates on Sept. 18 in response to strong economic data.
Finance

Fed cuts rates for first time in 4 years, by half a percentage point

Yen at 142 to dollar following news of lower U.S. interest rates

19 September 2024
In Xi Jinping's China, local government officials are using a metaphor about selling woks as scrap metal as they struggle to pay down their mountains of debt. (Nikkei montage/Source photos by Getty Images and Yusuke Hinata)
China up close

Analysis: 'Smash iron woks' -- a Great Leap Forward idiom returns to China

A buzz phrase telling people to sacrifice everything reflects nation's current plight

19 September 2024
Infrastructure investments are expected to center around energy projects such as solar and wind power.
Finance

Alternative investors prefer India, infrastructure to China, real estate

Deal activity expected to be slow through 2026 amid higher rates, Preqin says

18 September 2024
Chinese authorities have left little room for the cryptocurrency industry, but data shows growing demand for such assets in the country. 
Cryptocurrencies

China crypto trading thrives in 'OTC' market despite restrictions

Report shows investors hungry for alternative assets as stock market slumps

18 September 2024
The Meidi-ya Ginza commercial building site in Tokyo's Ginza shopping district fetched the highest land price per square meter at 42.1 million yen ($300,000), topping the list for the 19th consecutive year.
Economy

Japan land prices see sharpest rise since 1992 on tourism, foreign investment

Commercial land saw a 2.4% jump while residential land rose 0.9 %

17 September 2024
Midea Chairman and CEO Fang Hongbo, right, hits the ceremonial gong as the appliance maker's shares begin trading in Hong Kong on Sept. 17. (Photo by Kenji Kawase)
Markets

Midea shares rise 8% in Hong Kong after $4bn offering

Chinese appliance maker expands issuance as bourse leans on mainland companies

17 September 2024
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Announcements

Nikkei Stock Index 300 to add Japan Post Bank and 2 others

Reshuffle to remove three existing companies, effective from Oct. 1

17 September 2024
The flags of Australia, left, and the United Arab Emirates. Australia is hoping that a trade deal the countries have completed will lead to investment for its minerals sector. (Source photos by Reuters and AP)
Trade

Australia secures trade deal with UAE, eyes cash for critical minerals

Agreement will boost exports by AU$678m a year, minister says

17 September 2024
All Nippon Airways parent ANA Holdings is adding new international routes to Europe and elsewhere in a bid to lift profit. (Photo by Kosaku Mimura)
Transportation

Japan's ANA Holdings faces uphill battle to lift valuation

Aviation group bets on international travel to propel post-COVID ambitions

17 September 2024
A view of the city skyline in Singapore, home to many firms in the private equity industry.
Opinion

Asia's private equity needs to adapt to a new slower growth reality

Firms must transform by focusing on value creation and operational expertise

17 September 2024
All eyes are on U.S. Federal Reserve Chair Jerome Powell in anticipation of a possible big 50 basis point cut this week or a smaller 25 basis point one.
Currencies

Yen highest since July 2023 as market awaits harsh Fed rate cut

Japanese currency hits 139.58 against dollar ahead of upcoming meeting

16 September 2024
The blockbuster listing of Bajaj Housing Finance is the latest in India's booming IPO market.
IPO

India's Bajaj Housing Finance stock more than doubles in debut

Share price jump values company at $16bn, as IPO market continues to boom

16 September 2024
A man walks past a sign of Japan's Financial Services Agency at its headquarters in Tokyo.
Opinion

Japan's next PM must take bold action on corporate governance reform

FSA's latest efforts are promising, but fundamental changes are long overdue

16 September 2024
A recent report published by the Economist Intelligence Unit says, "Singapore has solidified its position as an international financial center, benefiting from China's crackdown on the rival business hub of Hong Kong." (Source photos by Ken Kobayashi)
Finance

Singapore to 'mop up' finance business leaving Hong Kong: report

EIU says Japan and India also to benefit amid Chinese markets' challenges

16 September 2024
Indian startups' valuations have moderated since the heyday of 2021. (Nikkei montage/Source photos by Ken Kobayashi and AP)
Market Spotlight

Indian startups turn to IPOs as funding tightens; some slash valuations

Shrinking capital increases pressure to give venture investors a profit

16 September 2024
Sales of Yoma Strategic Holdings' StarCity condos have been robust. (Photo by Nikkei)
Myanmar Crisis

Yangon home prices surge as Myanmar war drives flight to safety

Yoma and other big companies benefit; real estate draws investors fearing currency drop

15 September 2024
The Thai baht gained 6% against the dollar between Aug. 1 and Sept. 12 thanks partly to a rise in exports.
Currencies

Thai, Malaysian and Indonesian currencies gain as dollar weakens

Southeast Asia enjoys growth; political fears sink Turkish lira, Mexican peso

14 September 2024
PwC, one of the global Big Four accounting firms, is paying a heavy price for its relationship with defaulted Chinese property developer Evergrande.
China debt crunch

China slaps PwC with 6-month suspension over Evergrande audit

Accounting firm fined total of $62m, says it is 'disappointed' in mainland arm

13 September 2024
The dollar-yen rate is shown on a screen at a trading desk in Tokyo on Sept. 13. (Photo by Yuji Murakami)
Currencies

Yen hits strongest level this year on speculation of big Fed rate cut

Japanese currency's surge comes just days after reaching previous high

13 September 2024
Analysts say Tokyo Garden Terrace Kioicho, above, would be expected to fetch more than 300 billion yen if sold. (Photo by Hideki Yoshikawa)
Editor-in-Chief’s Picks

Letter from Nikkei Asia's editor: Japan Inc.'s treasure trove

Shin Nakayama shares his weekly reflections and recommendations

13 September 2024
Blackstone and ESR are eyeing the potential for rapid AI adoption in Japan. 
Technology

Blackstone and ESR race to develop AI data centers in Japan

Country's demographics expected to fuel massive demand for labor-saving tech

13 September 2024
An electronic board shows stock indexes in Shanghai's financial district.
Markets

Foreign investors lukewarm on China stocks despite Fed rate cut buzz

Property worries persist, but some say worst is over for Chinese markets

13 September 2024