A severe drought is expected to impact coffee harvests in major producer Vietnam.
Commodities

Coffee prices jump 20% as global heat hits commodity markets

Soaring temperatures and drought in Southeast Asia put beans and rubber trees at risk

4 July 2024
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Announcements

Lawson to be removed from JPX-Nikkei Index 400

Deletion follows company's designation as stock 'to be delisted'

3 July 2024
BOJ Governor Kazuo Ueda speaks during a ceremony on the day of the new notes of 10,000 yen, 5,000 yen and 1,000 yen went into circulation, at the BOJ headquarters in Tokyo on July 3. (Pool photo)
Currencies

Cash-loving Japan redesigns banknotes for first time in two decades

Bills embrace cutting-edge tech in a world first, are clearer to non-Japanese

3 July 2024
Tesla's new Model 3 sedan is displayed next to a Model X SUV at the China International Fair for Trade in Services in Beijing last September.
Automobiles

Tesla shares rally as Q2 deliveries fall less than expected

Incentives help EV maker achieve increase from previous quarter

3 July 2024
Japan's redesigned yen notes are the first in the world to adopt 3D holograms as an anticounterfeit measure. (Photo by Mizuho Miyazaki)
Currencies

Japan rolls out new banknotes, with 90% of bank ATMs ready

Bills feature 3D holograms, other latest anticounterfeit measures

3 July 2024
Adani Group was hit by claims from a U.S. short seller that it engaged in accounting fraud. (Photo by Ken Kobayashi)
Adani Group

Hindenburg rejects Indian regulator's claims over Adani short sale

U.S. company 'distorted' facts about conglomerate, says market watchdog

2 July 2024
The Zhongzhi Enterprise Group office building in Beijing is the apex of 247 related companies that the liquidator would like to treat as a single entity for the benefit of creditors. 
China debt crunch

Chinese shadow bank Zhongzhi's liquidation prompts fallout fears

Liquidator seeks consolidation in 'complicated' case with 'enormous' debts

2 July 2024
The Nikkei Stock Average hit record levels on March 22. (Photo by Yutaka Miyaguchi)
Equities

Japan's Nikkei average hits 40,000 mark for 1st time in nearly 3 months

Expectations of bigger interest margins push bank and insurer stocks higher

2 July 2024
Australia's earnings from metallurgical coal, used as a fuel for steelmaking, are forecast to fall in the next 12 months due to weaker prices.
Commodities

China tensions with West a risk for resource exports, Australia warns

Further dips in value expected as U.S., Europe look to reshore manufacturing

2 July 2024
Japan's new Nippon Individual Savings Accounts (NISA) program kicked off in January. (Photo by Toshiki Sasazu)
Equities

Foreign equity investments via new NISA likely hit record in June: Nomura

Japan retail investors shifting money into foreign equities is weighing on yen

2 July 2024
Chinese Communist Party officials are expected to accelerate a push toward President Xi Jinping's goal of technological self-sufficiency by 2035 when they convene this month for a long-awaited meeting known as the third plenum.
Asia Insight

China's leaders to choose economic path at high-pressure third plenum

Historically pivotal policy gathering expected to focus on tech as property woes fester

2 July 2024
The People's Bank of China has raised concerns about the functioning of the government bond market.
Bonds

China central bank to borrow government bonds, with sale seen possible

PBOC looks to curb plunge in yields as economy fears spur flight to safe assets

2 July 2024
Hoshino Resorts Tomamu, a ski resort, highlights Hokkaido's natural beauty. (Hoshino Resorts)
Business deals

China's Fosun to sell Hokkaido ski resort for $250m

Conglomerate jettisons Hoshino Resorts Tomamu amid real estate slump

2 July 2024
The average land price in Japan rose 2.3% in 2024 from a year earlier, logging its third consecutive year of gains, the country's land ministry reported on July 1.
Property

Japan land price rises over 2% for 1st time amid post-COVID bounce

Twenty-nine out of 47 prefectures see rises; Fukuoka has biggest gains

1 July 2024
South Korea hopes the longer forex trading hours will help it earn developed-market status from the MSCI, and to join FTSE Russell’s World Government Bond Index.
Currencies

South Korea extends won trading hours for overseas investors

Around 30 international banks taking part in initiative

1 July 2024
Shares have generally performed well in Asia so far this year. But for dollar investors, weak Asian currencies translates to smaller gains. (Photo by Satoko Kawasaki)
Market Spotlight

Strong dollar hits Asian stock gains in first half of 2024

Japan, India equities top picks for global investors, while Southeast Asia's luster dims

1 July 2024
A public housing complex in Hong Kong.
Caixin

Hong Kong's talent pass program drives up housing rents

While professionals from outside bolster rents, house prices are falling again

30 June 2024
Currency headwinds are bearing down on Japanese stocks.
Equities

Japan stocks lose steam as global money pulls back

Hopes for post-deflation growth take hit from weak yen in Q2

30 June 2024
China accounts for about 70% of global production of rare earths, according to the U.S. Geological Survey.
Commodities

China says rare earths belong to state in new regulation

Rule takes effect Oct. 1 with reach over entire supply chain

29 June 2024
An electronic board shows Shanghai and Shenzhen stock data in the Lujiazui financial district of Shanghai in March 2023.
Markets

Foreign investors in China seek new catalysts as stock rally fizzles

Low hopes for meaningful property measures at Communist Party's key third plenum

29 June 2024
Webtoon Entertainment went public in New York on July 27. (Line Digital Frontier)
Media & Entertainment

After U.S. IPO, Naver's Webtoon to spend more on creators and AI

Online comics appeal to TikTok-loving Gen-Z Americans, CFO says

29 June 2024
Imported foods such as U.S. beef for gyudon beef bowls, center, are becoming more expensive for Japan's companies and consumers. (Source photos by Nikkei)
Currencies

Yen's purchasing power hits all-time low, at one-third of peak

Japanese households see annual costs rise $560 on costlier food and energy

29 June 2024
The Beijing skyline. Sino-Ocean Group Holding has become the latest mainland Chinese property developer to face a liquidation petition.
China debt crunch

Chinese developer Sino-Ocean hit with liquidation petition by U.S. bank

Market watchers expect more consolidation despite Beijing's industry rescue effort

28 June 2024
A rendering of CapitaLand Investment's OMEGA 1 Bang Na automated storage facility in Thailand. The company plans to add industrial assets in the country, Malaysia and Vietnam. (Image courtesy of the company)
Supply Chain

Singapore's CapitaLand focuses on Vietnam as supply chains leave China

Property manager also eyes industrial park in Malaysian special economic zone

28 June 2024
A lithium mine in Brazil: The global market for the metal used in EV batteries is getting more crowded, even as prices slump. 
Commodities

Australia to dominate lithium supply for 'years to come' but prices subdued

BMI outlook suggests lithium market unlikely to return to boom prices

28 June 2024