According to LSEG data, the largest IPO on Asian markets so far this year, excluding India, has been Chinese bubble tea maker Sichuan Baicha Baidao. (Photo by Kensaku Ihara)
IPO

Asia's IPO market trails U.S. and Europe as proceeds plunge 73%

India tops global listings in first half of year, buoyed by strong economy

28 June 2024
Atsushi Mimura is set to take over as Japan's top currency diplomat at the end of July. (Photo by Uichiro Kasai)
Currencies

Japan appoints Atsushi Mimura as top currency diplomat as yen falls

Director-general of international bureau will replace Masato Kanda on July 31

28 June 2024
Segantii, a hedge fund facing accusations of insider trading in Hong Kong, had $4.8 billion in assets under management as of March, and 151 employees. (Source Photos by Echo Wong and Reuters)
Markets

'Block trade king' goes to court in Hong Kong: 5 things to know

Hedge fund Segantii reportedly shutting down, faces insider trading claim

28 June 2024
Citadel founder Kenneth Griffin said in an interview last year that it's a "very exciting time" to get into the Japanese market.
Business deals

Ken Griffin's Citadel to acquire energy trader in first Japan deal

Purchase spearheaded by U.S. hedge fund's commodities business

28 June 2024
Opponents of South Korea's capital gains tax argue that the stock market is in no position to withstand the potential negative consequences, given the uncertain economic climate.
Opinion

Now is not the time for South Korea to tax stock trading profits

Capital gains levy should be delayed until broader reform plan is ready

28 June 2024
AI-related power demand has fueled Hitachi's grid business. (Hitachi)
Companies

Hitachi tops Sony in market cap, lifted by AI stock fervor

Company's grid business cashes in on power demand from data centers

28 June 2024
The weak yen has led Japan's retail investors to turn their sights abroad. (Photo by Nikkei)
Finance

Japan households ramp up overseas investments, weighing down yen

Total assets top $13tn on strong stock prices and revamped NISA program

28 June 2024
India makes for an attractive investment destination as it continues to be the fastest growing major economy in the world.
Bonds

India bonds to join J.P. Morgan index in 'watershed' moment

Foreign influx of over $20bn expected as investors search for China alternatives

27 June 2024
Freeport Indonesia commissioned the world's largest copper smelter in East Java on June 27. (Screenshot from YouTube)
Commodities

Freeport Indonesia fires up $3.7bn East Java copper smelter

World's biggest facility will triple company's output as EV demand grows

27 June 2024
Tiananmen Square in Beijing. About 200 members of the Communist Party will gather for a key meeting on July 15-18, potentially with major implications for the economy.
Politics

China's long-awaited third plenum set for July 15-18, state media says

Meeting will be closely watched for measures to spur economy

27 June 2024
Economists expect the Philippine central bank to cut its key policy rate later in 2024.
Economy

Philippine central bank chief says August rate cut 'more likely' than before

Keeps key interest rate on hold for now amid lingering inflation worries

27 June 2024
The Japanese government is thought to have spent around 8 trillion yen ($49.9 billion) in total in late April and early May to halt the yen’s decline. (Photo by Yuji Murakami)
Currencies

Analysts expect next Japan forex intervention around 165

Tokyo awaiting May U.S. inflation data on Friday: Mizuho

27 June 2024
"We will firmly respond to moves that are too rapid or driven by speculators," Japan's top currency diplomat, Masato Kanda, said on June 24. (Photo by Suzu Takahashi)
Currencies

Yen slides under 160 to lowest level since 1986; Japan stocks fall

Drop stokes expectations for government and BOJ to step in again

27 June 2024
Japanese Prime Minister Fumio Kishida's current term at the helm of the ruling Liberal Democratic Party ends in September. (Photo by Yutaka Miyaguchi)
Economy

Kishidanomics market reforms earn high marks from Japan watchers

PM seen lagging on structural reforms and fiscal health as political pressure mounts

27 June 2024
Some Hong Kong-listed companies are opting for financing in yuan in pursuit of lower interest rates.
Currencies

Hong Kong-listed companies slash dollar borrowings in favor of yuan

Snack maker Want Want China cuts greenback funding by over 90% for lower rates

27 June 2024
Toyo Securities has been strong in Chinese stocks, but that business has been hurt by the recession in that country.  (Photo by Taizo Wada)
Finance

Japan's Toyo Securities president ousted by activist investors

Shareholders' calls for improved earnings are getting louder

27 June 2024
Christophe Weber has been president of Takeda Pharmaceuticals for a decade after becoming the first foreign-born head of the Japanese drugmaker. (Source photos by Nikkei)
Pharmaceuticals

Takeda draws investor scrutiny for CEO's $93m 10-year payout

Japan pharma maker underperformed under Weber, critics say

27 June 2024
The rescue package by the People's Bank of China, the country's central bank, is widely deemed to be "insufficient" by market watchers. (Photo by Mizuho Miyazaki) 
China debt crunch

China's 'too small' property rescue leaves market wanting more

Shimao wind-up case paused until July 31 as developers, banks face more pressure

26 June 2024
Under plans to ease regulations on property ownership in Thailand, foreigners will be able to lease land for 99 years. (Photo by Ken Kobayashi)
Property

Thailand to court foreign buyers amid condominium supply glut

Government to ease rules as domestic purchasing power weakens

26 June 2024
Australian sheep farmers are facing pressures due to low prices for wool.
Commodities

Australian wool threatened by low prices, industry body CEO says

Farmers consider pulling out of business as prices stay at half pre-pandemic peak

26 June 2024
Family offices, which provide investment and advisory services to wealthy families, are taking off in Japan as people look for higher investment returns. (Nikkei montage/Source photo by Yo Inoue) 
Wealth Management

Japan's rich embrace family offices amid market boom and weak yen

Tailored wealth management services key to startups' innovation

25 June 2024
The Stock Exchange of Thailand is staring down another year as Asia's worst-performing market. (Photo by Ken Kobayashi)
Markets

Thailand expands ESG fund criteria to boost sluggish bourse

Political risk and corporate scandals still haunt investor confidence

25 June 2024
Ola Electric's e-scooter is displayed at the headquarters in Bangalore in 2021. The company is seeking to raise 55 billion rupees in an IPO.
Startups

SoftBank-backed Ola Electric set to become India's first EV listing

Profitability, competition woes cloud offering with investors cool to startups

25 June 2024
Fosun International, one of China's biggest listed conglomerates, includes companies conducting operations from retail to real estate.
Companies

China's Fosun to buy out remaining shares of Henlius Biotech

Conglomerate's deal values Hong Kong-listed drugmaker at $1.7bn

25 June 2024
Apartment buildings in Beijing. Midea Real Estate Holding plans to spin off its residential property business, amid a protracted crisis in the Chinese sector. (Photo by Mizuho Miyazaki)
China debt crunch

China's Midea Real Estate shares soar on property development spinoff

Distressed developer Kaisa warned against further adjournment in wind-up case

24 June 2024