High-rise condominiums outside Beijing. Many cities are grappling with an oversupply of housing. (Photo by Mizuho Miyazaki)
Property

China curbs housing development to fight supply glut

Land sales restrictions could hit 40% of big cities, hurting key income stream

7 June 2024
Copper is a key resource for building infrastructure, such as transmission wires.
Supply Chain

Japan to raise cap on state backing for copper mine stakes to 75%

JOGMEC aims to reduce private sector's risk exposure, secure supplies

6 June 2024
The People's Bank of China has hinted that it might intervene to boost government bond yields that recently slid to record lows.
Bonds

China investors snap up government bonds, prompting central bank warning

Real estate slump drives smaller bank money into safe debt, overheating market

6 June 2024
Uncertainties over Indian Prime Minister Narendra Modi's capability to execute policies amid the new balance of power in the ruling coalition may have a lasting impact on the markets for some time to come. (Photo by Ken Kobayashi)
India elections

Adani Group stocks volatile on Modi-led coalition's slim victory

Opposition leader says fates of prime minister and conglomerate are 'correlated'

5 June 2024
Abdulla Ali al-Kuwari, who heads Qatar Investment Authority's Asia-Pacific advisory office, said the fund has its eyes on various sectors in Japan.
Finance

Qatar sovereign fund has 'very high targets' in Japan

QIA has doubled Japanese investments since 2021, Asia-Pacific chief says

5 June 2024
Funds raised through this IPO by Astroscale will be used for developing technologies on debris removal as well as for covering its running expenses. (Astroscale)
IPO

Japan space-debris cleaner Astroscale valued at $1bn in market debut

Pioneer raises $113m to accelerate investment as competition emerges

5 June 2024
Mauritanian President Mohamed Ould Ghazouani, left, chairman of the African Union, speaks as South Korean President Yoon Suk Yeol listens during a joint news conference on June 4.
Supply Chain

South Korea woos African nations over critical mineral supplies

High-tech economy aims to cut reliance on China for lithium and graphite

5 June 2024
Hong Kong's Central financial district. Geopolitical tensions between China and the West loom over the city, but some banking institutions see an opportunity. (Photo by Kenji Kawase)
Finance

Singaporean, Swiss banks target Hong Kong as rivals feel geopolitical chill

Hiring picks up as OCBC chief says clients turning to them over 'Western counterparts'

5 June 2024
Daiichi Sankyo's booth at the American Society of Clinical Oncology annual meeting in Chicago. (Daiichi Sankyo)
Pharmaceuticals

Daiichi Sankyo beats Honda in market cap on cancer drug ambitions

Japanese drugmaker eyes broader U.S. approval for blockbuster Enhertu

5 June 2024
Sony shares climbed almost 3% to a two-month high on June 4. (Photo by Tomoki Mera)
Equities

Sony stock rises 3% as Paramount speculation fades

Investors had worried about reported $26bn price tag for potential acquisition

4 June 2024
India's Prime Minister Narendra Modi waves to supporters during election campaigning in Kolkata on May 28.
India elections

Indian stocks surge on exit polls suggesting Modi victory

Results unlikely to affect currency; analysts split over foreign investor flows

3 June 2024
Copper prices are widely expected remain elevated. Goldman Sachs expects the price to surge to $12,000 per tonne by the end of the year.
Market Spotlight

Copper prices stay firm after hitting all-time high on AI demand, China recovery

Asian output strong, supplies expected to remain tight for foreseeable future

3 June 2024
An incomplete Country Garden project in Shanghai in February: Approximately 9 million presold homes are at risk of nondelivery to buyers.
Opinion

More muscle will be needed to turn China's property market around

Stock buying sentiment has improved but homebuyers need more convincing

3 June 2024
Iqbal Muslimin, co-founder of Evermos, speaks to Nikkei Asia in Tokyo on May 24. (Photo by Yumi Kotani)
IPO

Indonesian social commerce startup Evermos eyes IPO in 2 years

Bandung-based company helps modernize country's rural retail market

2 June 2024
Mongolian Prime Minister Oyun-Erdene Luvsannamsrai, center, attends a commencement ceremony for underground production at the Oyu Tolgoi copper mine in the Gobi Desert in March 2023.
Economy

Mongolia digs in against doubts over fund to spread mining wealth

PM insists resources should benefit all; some question implementation, transparency

1 June 2024
Fecon Chairman Pham Viet Khoa speaks to Nikkei on May 31 in Tokyo. (Photo by Yukinori Okamura)
Interview

Vietnam builder Fecon seeks Japan partners for new projects: chairman

Pham Viet Khoa eyes collaborations in urban development and renewable energy

1 June 2024
Guzman y Gomez was founded in 2005 and has over 200 locations in Australia, Singapore and Japan. (Photo by Rurika Imahashi)
IPO

Australian fast-food chain Guzman y Gomez eyes $1.5bn IPO in June

Casual Mexican restaurant looks to reach 1,000 domestic stores in 20 years

1 June 2024
A Chinese flag flutters in front of the logo of China Evergrande Group in Shanghai in September 2021.
China debt crunch

China announces Evergrande fine amid speculation over auditor PwC's fate

Regulatory body issues statement two months after developer disclosed penalty

31 May 2024
The yen fell 15% against the dollar in 2022 and 7% in 2023, while it has dropped 10% so far in 2024, making it the worst performing major currency. (Photo by Nanami Sato)
Currencies

Japan's recent yen-buying intervention hit record level

Bought total of $62bn from late April to support currency against dollar

31 May 2024
The members of NewJeans arrive at the Fact Music Awards in Incheon, South Korea, on Oct. 10, 2023.
Media & Entertainment

BTS agency Hybe's stock drops almost 5% as court favors sublabel

Escalating conflict has wiped out 16% of parent's market value since last month

31 May 2024
An employee works on a production line for solar panels at a factory of GCL System Integration Technology in Hefei, in China's Anhui province, on May 16. (China Daily via Reuters)
Economy

China factory activity contracts in May, breaking short growth spurt

Reading misses forecast as analysts warn of economic imbalances

31 May 2024
Japan is shaking up how the nation's retirement savings are managed.
Finance

Japan to shift $640bn in public pension money into active investing

Exclusive: Move to create new 'whale' in stock and bond markets

31 May 2024
Foreign investors are snapping up properties in areas like Tokyo's Minato Ward.
Property

Tokyo and Osaka see world's sharpest rise in condo prices

Weak yen pulls Asian money into relatively cheap Japan market

31 May 2024
Belief that the Bank of Japan will further tighten its policy to prop up the yen and cool import price inflation has pushed up yields for Japanese government bonds. (Photo by Yuji Murakami)
Markets

Japan's 10-year bond yield hits 13-year high; Nikkei average sinks

Yen falls to 4-week low on belief Fed will go higher for longer takes hold

30 May 2024
The U.S. securities regulator approved the first bitcoin ETFs in January. Among them, an ETF managed by BlackRock has amassed bitcoins worth a total of $16.5 billion.
Cryptocurrencies

Japan's path to bitcoin-linked ETF trading pocked with obstacles

Tax policies, financial laws and regulators all stand in the way

30 May 2024