South Korea’s exposure to a stressed global manufacturing supply chain has knocked its currency — Asia’s most risk sensitive — to over two-year lows as investors use it as a proxy to bet on the economic costs of a protracted US-China trade war.
Acting US Defense Secretary Patrick Shanahan has accused China of undermining the sovereignty of other countries, warning that the administration of President Donald Trump is investing "significantly" in programs needed to ensuring stability in the Indo-Pacific region.
Asia’s Iranian crude oil buyers China, India, Japan and South Korea imported a total 1.62 million barrels per day (mbd) of crude from Iran in April, up 3.2 percent from the previous month to the highest since July, data from government and trade sources showed.
The US-China trade dispute is pushing American multinational companies to relocate their factories and adjust business strategies for their supply chains in the next 12 months, according to a survey by Bain and Company.
Global growth is expected to slow in the coming months, but Asian economies could hold up reasonably well, thanks to several ‘mitigating factors’, according to the chief executive of Southeast Asia's largest bank.
Singapore's CapitaLand said Monday it has agreed to buy two real estate holding firms in a Sg$11 billion ($8.1 billion) deal that will create Asia's biggest property group with assets in dozens of countries.