A trader works on the floor at the New York Stock Exchange. All three major U.S. indexes sank in morning trading.
Markets

Nasdaq, S&P 500 fall 3% each amid U.S. recession fears, Apple drop

Investors bett on aggressive Fed rate cuts; Wall Street 'fear gauge' spikes

6 August 2024
The Malaysian ringgit had dropped in February to its lowest level against the dollar in data going back to 1971.
Currencies

Malaysian ringgit hits 16-month high against dollar

Country's strong economy fuels rebound amid greenback sell-off

6 August 2024
Japanese stocks have been in a downward spiral since Aug. 1, a day after the Bank of Japan aggressively raised interest rates to 0.25% from 0.1% and said it was open to more hikes this year. (Photo by Satoko Kawasaki)
Equities

Japan stocks dive 4,451 points, more than Black Monday in 1987

Yen surges to 141 per dollar as potential U.S. recession spooks investors

5 August 2024
Current debates around the international monetary system focus on de-dollarization.
Opinion

The dollar's days as a universal reserve currency are numbered

Retreat from free trade signals potential shift toward multipolar economic order

5 August 2024
The skyline of Shenzhen, China. The country has been struggling to recover property investment sentiment since it launched a crackdown in 2020. (Photo by Yusuke Hinata)
Market Spotlight

As China's property market slumps, foreign investors get pickier

Singapore capital ticks up while Western buyers shy away from commercial sites

5 August 2024
Ola Electric founder Bhavish Aggarwal on a scooter at a press briefing in Mumbai on July 29. Ola is set to go public in India's biggest IPO this year.
Your Week in Asia

India's Ola Electric goes public, Australia-U.S. two-plus-two, Indonesian GDP

Your weekly lineup of Asia's biggest business and political events

4 August 2024
The "Oracle of Omaha" remains a big Apple fan despite the stake cut, reflecting the iPhone maker's strong pricing power and committed customer base.
Companies

Warren Buffett's Berkshire halves Apple stake, boosts cash to $277bn

Stock sale comes even as conglomerate posts a record quarterly operating profit

4 August 2024
U.S. stocks fell sharply during the day on Aug. 2 following the release of weaker-than-expected jobs data.
Economy

Dow drops 600 on weak jobs data as global sell-off whips back to Wall Street

Investors worry U.S. economy is slowing under high interest rates

3 August 2024
The dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations for a September rate cut by the Federal Reserve.
Economy

Dollar hits four-month low as weak U.S. jobs data boosts rate cut bets

Japanese yen strengthens to 146.42 against greenback at one point

3 August 2024
Workers in Thailand prepare rubber sheets for shipment. (Photo by Hiroshi Kotani)
Commodities

Rubber prices fall to 2-month low on concerns over Chinese demand

Looser supplies, slower EV sales in China drag the market down

3 August 2024
Chip-related stocks took a beating in Tokyo on Aug. 2, while financial stocks also felt some pain. (Photo by Yutaka Miyaguchi)
Equities

Japan stocks take largest dive since Black Monday of 1987

Nikkei average tumbles to lowest close since January; Taiex and Kospi also skid

2 August 2024
Paddy is loaded onto a truck as farmers harvest a rice field in Thailand's Chainat province. Bangkok has significantly increased its exports of the grain to the Philippines this year.
Commodities

Thailand, Vietnam vie to grow rice market share in the Philippines

Faltering domestic supply forces Manila to rely on imports from neighbors

2 August 2024
Wall Street is counting down to a big U.S. jobs report on Aug. 2.
Markets

Stocks sell off as U.S. data sparks worry and yields plunge

Financials in Europe see biggest single-day drop since March 2023

2 August 2024
Bank of Japan Gov. Kazuo Ueda speaks at a news conference in Tokyo on July 31. 
Opinion

Poker-faced Ueda overplays hand as BOJ enters tightening phase

Weak yen policy has taken the onus off governments to restructure the economy

2 August 2024
Toyota Motor Kyushu's production line. Sales of the Toyota and Lexus brands in the April-June period fell by 14% on year. (Photo by Toshiki Sasazu)
Automobiles

Toyota's record Q1 net profit comes on weak yen and despite sales drop

Sales in Japan slip after group's safety test irregularities

1 August 2024
Services benefiting from inbound spending also took a blow. Department store operator Isetan Mitsukoshi Holdings dropped 11.7%. (Photo by Satoko Kawasaki)
Equities

Japan's Nikkei average drops 3.5% as yen jumps to 148 per dollar

BOJ governor's hawkish posture weighs on stocks of exporters like auto companies

1 August 2024
Lithium giant Albemarle is cutting back operations at its lithium processing plant in Australia.(Source photos by Reuters and Albemarle)
Commodities

Albemarle cuts back lithium processing in Australia amid price slump

Move deals another blow to country's critical mineral ambitions

1 August 2024
The Bangkok headquarters of CP All, one of the companies whose shares have benefited from announcements related to the government's digital wallet initiative.
Equities

Thailand's top stocks reap gains on digital wallet rollout

Food retailers, convenience stores and lenders among main beneficiaries

1 August 2024
Federal Reserve officials have been gaining confidence that price pressures are moderating, Fed Chair Jerome Powell said.
Economy

Fed holds rates steady, nods to possible September cut

Powell says U.S. economy 'moving closer' to appropriate point for lower borrowing costs

1 August 2024
President Xi Jinping must know property-related tax reform is needed, but party cadres with vested interests stand in his way. (Nikkei montage/Source photos by Yusuke Hinata)
China up close

Analysis: 'Chinese dream' gives way to an urban legend in Shenzhen

Real estate heartache leads to a tale of couples feigning divorce to get a loan

1 August 2024
Chip stocks lead a U.S. rally following reports of foreign chip equipment export restrictions will exempt Washington's allies.
1 August 2024
Warren Buffett-led Berkshire Hathaway has drawn down its stake in BYD to less than 5%.
Equities

China EV price wars weigh on BYD, Japan automaker stocks

Chinese subsidies, improved quality add to headwinds faced by Nissan, Honda

1 August 2024
The BOJ's monetary policy decision on July 31 sent the Japanese yen to a high it had not touched since mid-March. (Photo by Nanami Sato)
Currencies

Yen jumps on BOJ chief's hawkish stance

Kazuo Ueda remains open to further rate hikes, pending economic growth and inflation

31 July 2024
Bank of Japan Gov. Kazuo Ueda speaks at a news conference after its policy meeting in Tokyo on July 31. (Photo by Yutaka Miyaguchi)
31 July 2024
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Announcements

Nikkei 225 to cap Fast Retailing share weight in index calculation

Uniqlo owner is 1st case of Nikkei Stock Average's rule introduced in 2022

31 July 2024