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
Central bank moves to aid stock prices risk sowing the seeds of future market instability.
Comment

Crashes hold lesson for central banks: keep markets at arm's length

From Fed's Greenspan to BOJ's Ueda, investor-friendly moves often take a toll

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
The yuan strengthened to its highest point against the dollar in more than a year on Aug. 30.
Currencies

Yuan carry trade dims amid U.S. rate cut expectations

Trade favored by Chinese exporters also hit by Japan stock turbulence

31 August 2024
Chinese banks' profit margins are under pressure from weak appetite for loans and falling interest rates.
Finance

China's state banks report more bad loans to hotels, restaurants and stores

Consumer spending slump hits top lenders as falling interest rates dent profitability

30 August 2024
In January to June, China's top insurers expanded their bond portfolios, a safe bet given the murky outlook for economic growth.
Finance

China's top insurers log $169bn bond portfolio boost as PBOC intervenes

Central bank foray into bond trading comes as buyers show hunger despite bubble fears

30 August 2024
Customers look at a model of a Poly housing project in Sanya, Hainan province, in May 2023. The state-backed company is one of several that have seen contracted sales slump.
China debt crunch

China real estate crisis batters state developers seen as better off

Units of 'central companies' hold edge on private peers but log double-digit sales drops

30 August 2024
Garment employees work in a sewing section of the Fakhruddin Textile Mills Limited factory in Gazipur, Bangladesh.
Commodities

Bangladesh garment sector short on cotton as floods worsen protest backlog

Production down 50% in crucial industry as disruptions hit supply chain

30 August 2024
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Podcast: News Roundup

Coffee producers hit by soaring prices

Tune in to Nikkei Asia's podcast, bringing the region's key news to global listeners

30 August 2024
GIC's purchase of a logistics facility in Yokohama follows the Singapore sovereign wealth fund's acquisition of several other warehouses across Japan last year. (GIC)
Property

Singapore's GIC acquires logistics facility in Japan for $400m

Sovereign wealth fund expands local real estate assets amid e-commerce demand

30 August 2024
A Chinese firm jointly runs this antimony mine in Tajikistan. China produces 48% of the rare metal globally.
Commodities

Antimony, gallium prices soar as China widens rare-metal export curbs

Buyers scramble to stock up on minerals amid uncertainties over tighter controls

30 August 2024
Interest rates on Japanese loans are rising, though they still remain low when accounting for inflation. (Photo by Nanami Sato)
Finance

Japanese banks' lending rates rise for 7th straight month

Trend seen expanding from floating-rate loans to mortgages and other debt

29 August 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
Already elevated rice prices in Bangladesh may rise further as severe floods affect crops and distribution nationwide. 
Commodities

Thai rice prices hit two-month peak, Bangladesh hit by floods

With Indian rice no longer significantly cheaper, buyers seek other options

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
India lowered import tariffs on gold and other metals from 15% to 6% in July.
Commodities

Gold buying soars on India tax reforms as prices near record high

Central banks in emerging markets also increase purchases on geopolitical concerns

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
Canadian Prime Minister Justin Trudeau.
Automobiles

Canada to impose 100% tariff on Chinese EVs, following U.S. lead

Trudeau says Beijing 'is not playing by same rules'; China calls move 'protectionist'

27 August 2024
Banks in China's Jiangsu province have been accused of manipulating government bond prices. (Photo by Noriyuki Doi)
Bonds

China central bank fears Silicon Valley Bank redux as yields sink

PBOC rushes to curb possible bond bubble via guidance and regulatory enforcement

27 August 2024
The Bank of Thailand is watching for government policies under new Prime Minister Paetongtarn Shinawatra. (Photo by Rie Ishii)
Currencies

Thai baht hits 13-month high against dollar on economic hopes

Digital wallet policy, U.S. rate speculation sway exchange rates

26 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
Japanese yen traded at 143.59 to the dollar at one point on Monday morning, the highest level since Aug. 5. (Nikkei montage / Source photos by Reuters, Uichiro Kasai and Mizuho Miyazaki)
Currencies

Yen carry trade to grow once volatility ebbs, strategists say

Despite recent trend, Japan-U.S. interest rate spread to remain wide in short term

26 August 2024
Private debt funds in APAC are relatively young, only five years old or so, and haven’t been through a full credit cycle.
Markets

Asia's private debt market faces test amid higher rates, economic slowdown

Nascent investing space sees fund-raising drop to a third of 2021 peak

26 August 2024
With rents up nearly 40% in the last five years and vacancies at under 2%, Australia residents are finding it increasingly hard to secure housing. (Nikkei montage/Source photo by Getty Images) 
Market Spotlight

Australia housing prices, rents surge as supply shortage deepens

Affordability emerges as political issue for Albanese government

26 August 2024