Equities Mixed After Tech Sell-Off

Business and finance news from the Asia-Pacific. It's been a mixed day in equities after two days of tech-led losses in the US that were fueled by concerns the artificial intelligence-driven rally had run ahead of itself. We speak to Charlotte Yang, Bloomberg's Asia Equities reporter. Plus - Sams…

Investors Weigh AI Trade, Japan's Startup Ecosystem

Business and finance news from the Asia-Pacific. In the equity market, a selloff in US chipmakers reignited concerns that the artificial intelligence-driven rally has outpaced fundamentals. We speak to Jeff Buchbinder, Chief Equity Strategist for LPL Financial. Plus - We go to Japan, where one of…

Best Quarter for Chip Stocks, Yen Steadies

Business and finance news from the Asia-Pacific. Chip stocks posted their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further t…

Yen Hits Four-Decade Low, China's Manufacturing Activity Returns to Growth

Business and finance news from the Asia-Pacific. The yen slid to its weakest level against the dollar since 1986, a milestone that will generate unease in Japan and put traders on high alert for authorities wading into the market. The currency depreciated 0.2% to touch 161.98 versus the greenback …

BIS Warning, South Korea's 'Mega Projects'

Business and finance news from the Asia-Pacific. An artificial-intelligence bust, inflation and fiscal stress are among the most alarming threats to global prosperity at present, the Bank for International Settlements warned. In its annual report published on Sunday, the Basel-based institution ci…

Micron Forecast Shatters Estimates, Canada to Send Warships to Indo-Pacific

Business and finance news from the Asia-Pacific. Micron Technology, the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street estimates, signaling that an AI-fueled growth run remains strong. Revenue will be approximately $50 billi…

Iran Oil Waiver Offers Lifeline to Tehran as Talks Proceed

Business and finance news from the Asia-Pacific. The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal. Vice President JD Vance, attending the discussions in Switzer…

Oil Drops, Asia Stocks Rise on Iran Talks Progress

Business and finance news from the Asia-Pacific. Oil gave up early gains and Asian stocks climbed as investors welcomed signs of diplomatic progress between the US and Iran. "Encouraging progress has been made including the creation of a mechanism for further technical talks," mediators Qatar and …

Kospi Jumps on Chipmakers, US Ends Hormuz Blockade

Business and finance news from the Asia-Pacific. Asian stocks hovered near record highs in holiday-thinned trading as optimism that the reopening of the Strait of Hormuz will restore oil flows and curb inflation pressures buoyed risk appetite. The MSCI Asia Pacific Index was little changed after f…

Fed Holds Rates As Warsh Takes Helm

Business and finance news from the Asia-Pacific. Federal Reserve Chairman Kevin Warsh vowed to restore price stability following his first policy meeting since taking the helm of the US central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this yea…