President Donald Trump on Tuesday said he reached a preliminary trade deal with Indonesia that will set a 19% tariff on the Southeast Asian country’s U.S. exports. “We will pay no tariffs. So they are giving us access into Indonesia, which we never had,” Trump told reporters outside the White House. “That’s probably the biggest…
Asia chip stocks continue to climb after U.S. lifts export curbs to China Chip stocks in Asia rose after artificial intelligence darling Nvidia said it would resume sales of its H20 AI general processing units to China “soon” following the U.S.’ reversal of export controls. TSMC, which manufactures Nvidia’s high-performance graphics processing units that help power large…
Drone view of search and rescue operations in the aftermath of rock collapse at a quarry in Cirebon, West Java Province, Indonesia May 30, 2025 in this picture obtained from social media. — Reuters Indonesian authorities will continue searching on Sunday for eight people trapped in a rock collapse at a quarry in West Java,…
Chinese Premier Li Qiang reaffirmed Beijing’s ties with Jakarta on Sunday during his visit to Indonesia ahead of a regional summit in Kuala Lumpur. Beijing and Jakarta are key economic allies, with Chinese companies pouring capital into extracting Indonesian natural resources in recent years, particularly in the nickel sector. But the two countries’ disputed claims…
Emerging markets said to see the next bull run as the ‘sell U.S.’ narrative gains ground Emerging markets stocks are in the spotlight again as the “sell U.S.” narrative gains fresh momentum, following Moody’s recent downgrade of the U.S. credit rating. The Bank of America heralded emerging markets as “the next bull market” recently. “Weaker…
Pedestrians walking across a crowded traffic at Shibuya crossing square in Tokyo, Japan. Jaczhou | E+ | Getty Images Asia-Pacific markets traded mostly higher Wednesday after Wall Street halted its six-day win streak. Japan’s benchmark Nikkei 225 slipped 0.61% to close at 37,298.98 after the country reported that exports slowed for a second straight month…
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