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
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
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
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
Tokyo Gas has sold its interest in four liquefied natural gas projects as it shifts resources toward areas such as decarbonization.
Business deals

Japan companies reap nearly $56bn from 3 years divesting

Tokyo Gas, Eneos, Mitsubishi among the biggest seeking capital efficiency

13 September 2024
Japan's benchmark index Nikkei Stock Average rose sharply during trading on Sept. 12 in Tokyo after tech-led gains on Wall Street and as the yen weakened. (Photo by Yuji Murakami)
Equities

Japan stocks jump 3.4%, track Wall Street tech gains

Domestic shares unlikely to repeat historic August plunge, strategists say

12 September 2024
Mitsui & Co. plans to cancel the shares it buys back, boosting shareholder returns. (Photo by Keigo Yoshida)
Companies

Japan's Mitsui & Co. doubles share buyback plan to $2.8bn

Trading house boosts shareholder returns while also eyeing new investments

12 September 2024
New World Development, a property developer under the Chow Tai Fook umbrella, warned in August that it expected to log its first annual loss in two decades. (Photo by Masayuki Kozono) 
Property

Sibling succession race heats up at Hong Kong's Chow Tai Fook group

Chengs compete as key property unit New World Development sinks into red

11 September 2024
Diggers work at a lithium battery anode material project in China's Guizhou province. 
Commodities

Australian miners rally as China's CATL 'adjusts' lithium output

Oversupply has dragged on prices for key battery material over a year

11 September 2024
Alibaba converted its secondary listing in Hong Kong into a primary one to "tap into the southbound capital flows" from mainland China.
Markets

Alibaba jumps 5% in Stock Connect debut aimed at tapping China billions

E-tailer's shares outperform peers; some analysts question long-term impact

10 September 2024
Chinese home appliance maker Midea is set to list in Hong Kong.
Markets

Midea's $3.45bn Hong Kong share offering met with Shenzhen selloff

Appliance maker seeks more funds but dilution, discount anger current investors

9 September 2024
The addition of Alibaba Group Holding in the Hong Kong Stock Connect could draw $12 billion in six months from the mainland, according to one estimate.
Equities

Alibaba's Hong Kong listing upgrade set to spur China money outflows

Stock Connect inclusion could draw billions of dollars into e-commerce group's shares

7 September 2024
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