Goldman Sachs in a note said investors typically profit when they buy after a 5% selloff in the S&P 500 index.
Markets

Wall Street bounces back after global stocks rout

Fed officials push back on bearish sentiment about U.S. economy

7 August 2024
Vice President Kamala Harris' jump to the top of the Democratic Party's 2024 presidential election ticket caught many Washington diplomats off guard. While they weigh whether she will extend President Joe Biden's current Asia policies, they must also prepare for the prospect of a new, unpredictable term for former President Donald Trump.
The Big Story

Harris takes on Trump: Asia braces as U.S. heads toward poll

As diplomats weigh policy hints, VP picks Walz and Vance vie for working class votes

7 August 2024
Reserve Bank of Australia Governor Michele Bullock speaks during a news conference in Sydney on August 6. (Photo by AAP Image)
Economy

Australian central bank 'near-term' interest rate cuts not on agenda

Governor says market volatility needs to be monitored after decision to stand pat

6 August 2024
People shop at the Grand Bazaar in Istanbul. Turkey's fragile economy is suffering from high inflation and exchange rate volatility.
Opinion

Japan must wake up to the potential of boosting economic ties with Turkey

PM Kishida should use this 100th anniversary year of relations to visit Ankara

6 August 2024
Japanese stocks took a big upswing on Aug. 6 after suffering their worst-ever sell-offs in the previous two trading days. (Photo by Nanami Sato)
Equities

Tokyo stocks brace for further volatility after biggest single-day jump

Market wary as it awaits U.S. rate cut decision and Japan real wage data

6 August 2024
People enter former Bangladesh Prime Minister Sheikh Hasina's official residence in Dhaka after her resignation on Aug. 5.
Bangladesh turmoil

Bangladesh PM Hasina's dramatic fall from grace: 5 things to know

Leader's 15-year hold on power collapsed as mass protests raged over violence

6 August 2024
John Lee, center, in Ho Chi Minh City. He is the first Hong Kong chief executive to visit Vietnam, Cambodia and Laos. (Photo by Lien Hoang)
Trade

Hong Kong has ASEAN backing to join RCEP trade pact: John Lee

City goes on charm offensive after COVID-19, security law dent reputation

6 August 2024
Japanese companies agreed to raise monthly pay by 5.1% on average this year, the biggest gain in 33 years.
Economy

Japan real wages rise in June for first time in 27 months

Nominal pay climbs at strongest pace in nearly three decades

6 August 2024
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
Men run past a Dhaka shopping center set on fire by protesters during a rally against Bangladeshi Prime Minister Sheikh Hasina on Aug. 4.
Bangladesh turmoil

Bangladesh PM Hasina faces calls to quit as political crisis boils

Critical test for leader's 15-year hold on power as nation plunges into fresh unrest

5 August 2024
Household consumption makes up half the Indonesian economy. (Photo by Ken Kobayashi)
Economy

Indonesia's economy grew 5.05% in Q2

Southeast Asian nation's GDP expands as holiday demand, foreign tourists spur growth

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
Employees work on the production line at a factory for Chery's electric vehicles) in Wuhu, Anhui province, China, on July 29.
Opinion

What the world gets wrong about China's overcapacity

Many policymakers confuse productive capacity with production output

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
Despite ongoing labor shortages in Japan, workers in their 40s or early 50s face a raft of challenges getting promotions and pay raises.
Datawatch

Japan's 'lost generation' faces slow pay growth, lack of promotion

Survivors of 1990s hiring 'ice age' are now in their 40s or early 50s

4 August 2024
BTS member Jin enjoyed some of his favorite beverages, including Milkis, at a June 13 fan event just after finishing his mandatory military service. (Hybe)
Media & Entertainment

K-pop's sway over fan spending lures foreign investors

But BTS agency Hybe's court battle highlights looming governance concerns

4 August 2024
Lu Xinyi is among the entrepreneurs at the Bays Work accelerator in Shenzhen. (Photo by Itsuro Fujino)
Startups

Hong Kong startup founders flock north to tech hub Shenzhen

Mainland city's incentives draw new businesses as Beijing pushes integration

3 August 2024
Kim Jong Un's train stopped just short of flood damage in the northern part of the country. (North Korea's Korean Central News Agency via Reuters) 
North Korea tensions

Kim Jong Un surveys damage as floods devastate North Korea trade hub

Disaster-response officials are fired as economy takes massive hit

3 August 2024
Maldives President Mohamed Muizzu, third from left, attends Indian Prime Minister Narendra Modi's swearing-in ceremony at the presidential palace in New Delhi on June 9.
International relations

Maldives pushes to mend relations with India, eyeing tourism and aid

President thanks New Delhi for financial support; tourism minister visits India

3 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
North Korean leader Kim Jong Un and Russian President Vladimir Putin ride in a car together in Pyongyang on June 19. (KCNA via Kyodo)
Comment

North Korea faces limits of economic boon from Russia 'alliance'

For Moscow, long-term partnership with Pyongyang may have little upside

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