The Nikkei Stock Average was off by more than 1,500 points, or 4%, at one point on Sept. 4, driven lower by a sell-off in U.S. shares. (Photo by Sae Kamae)
Equities

Japanese stocks off 4% as U.S. tech stocks dive, led by Nvidia

Concerns over U.S. economy, strong yen, trigger sell-off

4 September 2024
Nvidia will consider collaboration in research and training with Sakana AI and also support the utilization of the essential graphics processing units. (Source photos by Shinya Sawai)
Artificial intelligence

Nvidia to become a big shareholder in Japan's Sakana AI

Startup to be Japan's fastest unicorn; chipmaker to also support GPU supply

4 September 2024
U.S. stocks fell sharply on Sept. 3. Tech stocks that had led this year's rally slumped, with Nvidia falling nearly 10%.
Markets

Nvidia tumbles as U.S. stock market starts September sell-off

Wall Street suffers biggest percentage decline since early August on weak ISM report

4 September 2024
A China CSSC Holdings shipyard in Jiangyin, northwest of Shanghai. The government is pressuring listed arms of so-called central companies to better "manage market values."
Companies

Chinese state shipbuilders plan merger with eye on 'strong military'

CSSC Holdings, China Shipbuilding Industry aim to 'focus on major state strategy'

3 September 2024
Property developer New World Development's office tower, K11 Atelier King's Road, in Hong Kong. The company has flagged a loss of about $2.6 billion.
Property

New World Development shares tumble as Hong Kong property woes bite

Stock touches 21-year low after developer flags $2.6bn loss for latest year

2 September 2024
Japan stocks' historic volatility at the beginning of August was caused by demand-supply dynamics rather than fundamentals, a trading manager says. (Source photos by Yo Inoue and Satoko Kawasaki)
Market Spotlight

Japan stock volatility chased away speculators, lured long-term investors

After a month, market sources look back at historic rout and share their takeaways

2 September 2024
Macao in June: Some mainland Chinese are believed to use casinos in Macao as a way to circumvent strict capital controls by Beijing. (Photo by Ken Kobayashi)
Politics

Macao casinos rake in revenue as authorities target money changers

Unlicensed services for gamblers seen as path to skirt Beijing's capital controls

1 September 2024
An attendant pumps fuel at a PetroChina gas station in Nantong, in China's Jiangsu province.
Energy

China oil majors tighten investment while doling out record dividends

Sustainability in question amid downstream weakness, need for cheap Russian feedstock

29 August 2024
For the three months ended July, Nvidia reported a record revenue of $30 billion, up 122% on the year.
Semiconductors

Nvidia's plunge despite big earnings ripples through Asian tech stocks

Chinese market will remain tough due to U.S. export controls, chip designer warns

29 August 2024
Japanese companies are slashing cross-shareholdings with key clients and group affiliates. (Photo by Konosuke Urata)
Companies

Japan Inc. sells record $25bn in cross-held shares, led by Toyota

Governance trend reduces buffer against takeover bids and activist investors

29 August 2024
The Adani Group is expanding investments in airports and energy businesses. (Nikkei montage/Photos from Reuters)
Adani Group

Indian billionaire Adani and family to further sell group shares

Adani Group's total market valuation recovers from Hindenburg row

28 August 2024
Taiwan-listed Asia Cement Corp, the majority shareholder of Asia Cement (China), wants to take the Hong Kong company private.
Equities

Shareholders of Asia Cement (China) reject main owner's offer

Taiwan-listed cement company privatization bid amid China's property woes

26 August 2024
Japan's Financial Services Agency will tighten disclosure requirements surrounding cross-shareholdings. (Photo by Fumi Matsumoto)
Equities

Japan looks to keep companies honest about cross-shareholding cuts

Tighter disclosure rules aim to keep shares from being repurposed in name only

23 August 2024
Japanese companies' strong earnings during the April-June period encouraged investors to buy while their stock prices were down. (Photo by Shunsuke Inaba)
Equities

Japanese stocks erase losses from tailspin on brighter U.S. outlook

Companies' strong April-June performances boost share prices

22 August 2024
A real estate property developed by Kaisa Group Holdings in Beijing. The company's losses continue to pile up.
China debt crunch

China developers' loss warnings exceed $8bn in past week alone

Kaisa reports more red ink; Sunac takes big blow despite Xi's 'bright prospects'

22 August 2024
The Hong Kong Exchange logged a 3% decline in first-half profit although the second quarter showed more promise. (Photo by Ken Kobayashi)
Markets

Hong Kong Exchange's first-half profit sinks amid weak market sentiment

New CEO Bonnie Chan describes results as 'robust' but concedes outlook uncertain

21 August 2024
China's three state-owned telecom operators are gearing further towards higher dividend payments and lower capital expenditure. (Photo by Kenji Kawase)  
Telecommunication

China Telecom, China Mobile hike dividends under Beijing pressure

Payout ratios to go beyond 75% for state-owned telecos as need to invest recedes

21 August 2024
Tokyo Metro's profits jumped in the April-June quarter on increased passenger traffic. (Photo by Konosuke Urata)
IPO

Tokyo Metro headed for IPO as soon as October

Tokyo listing could value the subway operator at up to $4.8bn

20 August 2024
China's CHK Oil lost key leases in the US state of Utah. (US Department of Interior photo)
US-China tensions

Chinese oil company reveals loss of Utah drilling rights years afterward

Hong Kong-listed CHK Oil says board only learned of 2022 U.S. orders last week

16 August 2024
U.S. stocks rose in the morning of Aug. 15 on reports of strong retail sales.
Markets

U.S. indexes end higher as retail sales soothe slowdown fears

Nasdaq gains more than 2%, with S&P 500 and Dow also rising

16 August 2024
The Cheung Kong Center II, developed by CK Asset Holdings, in Hong Kong. The conglomerate founded by tycoon Li Ka-shing has been snapping up assets in the U.K. this year.
Companies

Li Ka-shing's CK Group empire accelerates pivot to Europe

London listing, new acquisitions dilute exposure to Hong Kong and mainland China

15 August 2024
Listings of small to midsize Chinese companies have increased volatility on U.S. stock markets in the past, leading to a push for stricter screening of initial public offerings.
Equities

U.S. Nasdaq steps up scrutiny of Chinese company listings

Heightened screening comes amid concerns over market volatility

15 August 2024
A Starbucks cafe in Shanghai. The chain's comparable store sales in China plunged 14% on the year in the April-June period. (Photo by Kosaku Mimura)
Food & Beverage

Starbucks' new CEO Brian Niccol inherits a China headache

Cafe chain faces sliding sales in No. 2 market as consumers turn thriftier

14 August 2024
The stocks of major exporters Sony Group and Toyota Motor rose 5% and 3.3%, respectively, on the Nikkei average by the end of trading on Tuesday. (Photo by Yutaka Miyaguchi)
Equities

Japan stocks surge 3.5% on return from holiday with weak yen's support

Chip-related companies, major exporters gain in rally

13 August 2024