China’s economic slowdown deepens in August with retail sales, industrial output missing expectations

Shanghai Bund skyline panorama Yangna | E+ | Getty Images China’s economic slowdown deepened in August with a raft of key indicators missing expectations, as weak domestic demand persisted and Beijing’s campaign against industrial overcapacity curbed output. Retail sales last month rose 3.4% from a year earlier, data from the National Bureau of Statistics showed…

SK Hynix shares soar to 25-year highs on high-end chip breakthrough

Atlantide Phototravel | Corbis Documentary | Getty Images Shares of SK Hynix jumped Friday after announcing that it had finished developing HBM4, the latest generation of high-bandwidth memory seen as vital for artificial-intelligence applications. Its shares rose over 7% to hit the highest since 2000 as of 9.40 p.m. ET Wednesday, marking its ninth day…

China’s rich are exiting Singapore as wealth regulations tighten: ‘my patience is gone’

Singapore’s reputation as a safe harbor for wealthy mainland Chinese families is fading, reversing an inflow that came at the expense of rival wealth hubs like Hong Kong and Japan. Its allure for China’s wealthy surged after 2019, when a wave of pro-democracy protests in Hong Kong led to a clampdown by Beijing and the…

U.S. will split profits with Tokyo from Japan-funded projects until $550 billion is recouped: Lutnick

U.S. Secretary of Commerce Howard Lutnick speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York City, U.S., Sept. 11, 2025. Brendan McDermid | Reuters Commerce Secretary Howard Lutnick said Thursday that the U.S. will equally share profits with Japan from projects funded by the Asian country…

Japan’s Nikkei 225 hits a new high as SoftBank surges nearly 10%

Japan’s benchmark Nikkei 225 led gains in Asia Thursday to notch a record high of 44,251.65, mirroring gains on Wall Street overnight on Fed-rate cut hopes and positive inflation data. One of Nikkei 255’s heavyweights, tech investment firm SoftBank Group, jumped nearly 10% to notch a second straight day of gains. Other top movers were…

China’s consumer prices fall more than expected in August as deflation woes persist

People visit the US luxury brand Coach store at a shopping mall in Beijing. Adek Berry | Afp | Getty Images China’s consumer prices fell more than expected in August while deflation in wholesale prices persisted, as calls mounted for Beijing to ramp up measures to bolster sluggish domestic demand and cushion weakening exports growth. The…

Asia markets set to open mostly higher ahead of key China inflation data

The city skyline of Lujiazui Shanghai Center in China, on March 13, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets were set to open mostly higher Wednesday ahead of key August inflation data from China. The mainland’s August consumer price index is expected to fall 0.2% from the previous year, according to economists…

India urges BRICS partners to address trade deficits as China calls on bloc members to unite

RIO DE JANEIRO, BRAZIL – JULY 6: Russia’s Foreign Minister Sergey Lavrov, UAE’s President Sheikh Mohamed bin Zayed al-Nahyan, Indonesia’s President Prabowo Subianto, South Africa’s President Cyril Ramaphosa, Brazil’s President Luiz Inacio Lula da Silva, India’s Prime Minister Narendra Modi, China’s Premier Li Qiang, Ethiopia’s Prime Minister Abiy Ahmed, Egypt’s Prime Minister Mostafa Madbouly, and…