South Korea's KOSPI plunges 11% on China chip competition fears
Stock indexes were down across major Asian markets on July 28, following declines on Wall Street and fears over stiffer Chinese competition. (Photo by Ahn Seong-bok)
· Staff Writer
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Newest first · UTC+11:00Big Hits: Broken Hill Mines, Gorilla Gold and Meeka Metals
Bulls N’ Bears Big Hits looks at notable drill hits recently reported to the ASX, led by Broken Hill Mines’ Centenary Zone in the Rasp mine at Broken Hill in NSW and followed by Gorilla Gold’s Sovereign Zone at Comet Vale, 100km north of Kalgoorlie and Meeka Metals’ Turnberry Mine at the company’s Murchison gold pro…
· Doug Bright
DIFC posts record first-half performance despite war uncertainty | The National
The number of companies at the Dubai International Financial Centre grew at a record pace in the first half of this year despite uncertainty over the Iran war, as the emirate’s financial hub continued to attract banks, wealth and asset managers, and hedge funds from around the globe.
· Sarmad Khan
Cash at Chinese banks swells to record high as borrowing slows
A shopping mall in Beijing. Falling home prices have generated a persistent negative wealth effect that continues to weigh on Chinese consumers.
· Staff Writer
Clinton Foundation launches an institute to help state governments find nonpartisan solutions
The Clinton Foundation unveiled a new initiative Monday to help state and local governments develop and enact nonpartisan policy solutions to improve health outcomes, especially for women and children, economic security and democracy.
· Associated Press
Seoul shares crash over 10% on heavy tech selloff amid AI skepticism
South Korean stocks crashed more than 10 percent Tuesday as investors sold off tech shares on intensifying doubts over the future of large-scale investment into artificial intelligence infrastructure. The local currency strengthened against the US dollar.
· Yonhap
By Kristofor Lawson
Kristofor Lawson is a Regional Content Producer with ABC News based in regional Victoria. Kris lives in the Macedon Ranges and has a passion for covering big ideas and the people making them happen. Prior to re-joining the ABC, Kris produced a range of independent podcasts including the IT journalism award-winning t…
The trillion-dollar stack: Defense tech is hiring on every floor - opinion
In May, a company that did not exist two years ago became a unicorn. Kela, founded in the summer of 2024, raised $200 million at a $1.2 billion valuation, led by Stripes and D1, with Bill Ackman and Eric Schmidt in the round, on top of the $100m. it had already taken from Sequoia, Lux Capital, and In-Q-Tel, the CIA'…
· TAL PINKASOVICH
China-made vessel carries record number of EVs in shipment from Shanghai to Europe
A new China-made roll-on, roll-off carrier set a new domestic record for number of vehicles shipped in one voyage
· Mia Nurmamat
China-made vessel carries record EVs in shipment from Shanghai to Europe
A new China-made roll-on, roll-off carrier set a new domestic record for number of vehicles shipped in one voyage
· Mia Nurmamat
[Vantage Point] System loss: The electricity consumers pay for but never receive
President Ferdinand “Bongbong” Marcos Jr.’s call during his 2026 State of the Nation Address (SONA) to remove system-loss charges and the value-added tax (VAT) imposed on electricity consumers produced one of the afternoon’s loudest applause.
· gdecastro0289
Syria moves 2.1m tonnes of Iraqi fuel to Europe by road since April | The National
Syria has become a conduit for 2.1 million tonnes of Iraqi fuel oil bound for Europe since April, with the cargo driven across the country to the Mediterranean coast to be shipped onwards.
· Ahmad Fallaha
Hong Kong retailers hit as customers 'head north' to cheaper Shenzhen
Chinese border officers stand at Lo Wu Control Point in 2023. Traveler numbers have surged in recent years at this spot and the five other major land checkpoints between Hong Kong and mainland China. © Reuters
· Staff Writer
Lawmakers move for partial tax exemption on stock trades with no gains
People Power Party Rep. Ahn Cheol-soo proposed a bill revision Tuesday that would exempt investors from certain taxes if they sell shares without making a profit.
· Hwang Sun-jun
Seoul shares crash over 10 pct on heavy tech selloff amid AI skepticism
SEOUL, July 28 (Yonhap) -- South Korean stocks crashed more than 10 percent Tuesday as investors sold off tech shares on intensifying doubts over the future of large-scale investment into artificial intelligence (AI) infrastructure. The local currency strengthened against the U.S. dollar.
· Kim Boram
Banks' household mortgage lending rates rise to 2 yrs 7 months high in June
Banks' household mortgage loan rates rose for the second consecutive month to the highest point in two years and seven months in June on rising market interest, central bank data showed Tuesday.
· Yonhap
India spared worst of US ‘forced labour’ tariffs, but hard talks loom
New Delhi avoided a higher tariff rate via a timely policy change, but US demands and Russian oil friction leave a trade deal in limbo
· Biman Mukherji
India spared worst of US ‘forced labour’ tariffs, but hard talks loom
New Delhi avoided a higher tariff rate via a timely policy change, but US demands and Russian oil friction leave a trade deal in limbo
· Biman Mukherji
N. Korea spotlights Kim Ju-ae, stages scaled-down Victory Day parade without strategic weapons
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
· Jung Min-kyung
China to waive panda bond fees through 2028 to bolster global yuan debt market
Analysts say removing some expenses for foreign borrowers will help funnel more yuan overseas and create a large offshore liquidity pool of China’s currency
· Sylvia Ma
China to waive panda bond fees through 2028 to bolster global yuan debt market
Analysts say removing some expenses for foreign borrowers will help funnel more yuan overseas and create a large offshore liquidity pool of China’s currency
· Sylvia Ma
CATL, BYD battle for supremacy in Middle East energy-storage market
BYD, Sungrow win contracts for storage at massive UAE solar plant, as EV battery makers seek better margins selling storage systems
· Themis Qi
CATL, BYD battle for supremacy in Middle East energy-storage market
BYD, Sungrow win contracts for storage at massive UAE solar plant, as EV battery makers seek better margins selling storage systems
· Themis Qi
Can one portfolio fit Korea’s W500tr pension market?
Proposed 60:40 investment model raises concerns over age-based risk and trustee liability
· Choi Yeon-jae
Japan’s consumer agency certifies food banks for first time
Japan’s Consumer Affairs Agency said Tuesday that it has certified four food banks, which collect surplus food from companies and others to offer free supplies to organizations working to support people in need.
· No Author
BYD launches first kei minicar in Japan, challenging a domestic stronghold
BYD executives launch the all-electric Racco kei minicar in Tokyo on July 28. Standing at left is Liu Xueliang, BYD vice president and president of BYD Japan. At right is Atsuki Tofukuji, president of BYD Auto Japan. (Photo by Marie Yoshimura)
· Staff Writer
BYD launches its first Japan electric minicar, challenging local stronghold
BYD executives launch the all-electric Racco kei minicar in Tokyo on July 28. Standing at left is Liu Xueliang, BYD vice president and president of BYD Japan. At right is Atsuki Tofukuji, president of BYD Auto Japan. (Photo by Marie Yoshimura)
· Staff Writer
Seats on hundreds of Boeing 737 Max jets may need inspections, FAA says | The National
The US Federal Aviation Administration has said that seats on hundreds of Boeing 737 Max jets registered in the US may require inspections in case they were incorrectly installed and needed to be fixed.
· Reuters
Korean art market rebounds in first half, but growth remains concentrated: report
South Korea's art market nearly doubled in value in the first half of this year, but growth was driven more by sizeable sales than a broader recovery, according to a report by the Korea Art Authentication and Appraisal Institute.
· Park Yuna
Another fuel price hike set for July 28
HIKE. A pump attendant fills vehicles with fuel at a gas station in Paco, Manila, on January 12, 2026.
· lkyu0285
True North drill results hint at major Qld copper camp potential
True North Copper says recent assays results from the first three diamond holes of its 2026 program point to broad copper-cobalt-silver mineralisation at Aquila, its recent discovery within the Mt Oxide project in northwest Queensland.
· Doug Bright
Johnson & Johnson to pay $5.5bn settlement in talc cancer lawsuit
Landmark deal covers about 76,000 claims and could end contentious, decade-long legal battle
· Reuters
Bangladesh gas outage exposes textile sector's limited resilience
An outage at Excelerate Energy's Moheshkhali Floating LNG terminal has deprived Bangladesh's national grid of about 17 million cubic meters of gas a day. Petrobangla says the outage was caused by a spark in a control panel at the terminal. © AP
· Staff Writer
Nextbank powers SIDC's digital transformation as PH's largest agricultural cooperative
NEXTBANK, a digital banking platform for growing financial institutions, has partnered with Sorosoro Ibaba Development Cooperative (SIDC), the Philippines' largest agricultural cooperative, to modernize its financial operations through Nextbank's cloud-based Core Banking System.
· The Manila Times
[Legal updates in Korea] Crime prevention support expanded for single-owner and women-owned businesses
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
· Jung Min-kyung
Posco Future M to apply AI across battery materials operations
Posco Future M said Tuesday it will apply artificial intelligence across its battery material business, from raw material procurement and manufacturing to product development, quality control and customer collaboration.
· Lee Han-gyoul
South Korea's Kospi share index plunges 10% on selling of chipmaking stocks
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, July 28, 2026. (AP Photo/Ahn Young-joon)
‘Tokenmaxxing’ hits its limits as workplaces look for cheaper AI
Pages from the Anthropic website and the company’s logo are displayed on a computer screen in New York, Feb. 26, 2026. (AP Photo/Patrick Sison, File)
· Matt Obrien
LVMH’s fashion and leather division reports 1% organic growth in second quarter
The French luxury brand has also seen persisting positive momentum in China for Hennessy cognac since the 2026 Chinese New Year
· Xiaofei Xu
LVMH’s fashion and leather division reports 1% organic growth in second quarter
The French luxury brand has also seen persisting positive momentum in China for Hennessy cognac since the 2026 Chinese New Year
· Xiaofei Xu
China’s robotics industry is quietly cornering a new niche – and shipyards stand to gain
As shipyards face rising safety demands and an ageing workforce, specialised climbing robots could be set to transform dangerous maintenance work
· Emma Ma
China’s robotics industry is quietly cornering a new niche – and shipyards stand to gain
As shipyards face rising safety demands and an ageing workforce, specialised climbing robots could be set to transform dangerous maintenance work
· Emma Ma
[Vantage Point] Do you want to own one square meter of Ayala Avenue?
This is AI-generated. Read the article for full context. Report any errors.
· bcalica0379
Fresh WA drill program poised for Auric Munda mine expansion
Following receipt of regulatory approvals, Auric Mining has fired up the drill rigs at its flagship Munda gold project near Widgiemooltha, 82 kilometres south of Kalgoorlie in Western Australia’s Goldfields. The multi-pronged drilling campaign is designed to expand the recently upgraded 192,000-ounce Munda Resource,…
· Penny Taylor
Indonesian stocks stage massive turnaround, hitting bull market status after clocking a five-year low just last month
Attractive valuations, quick intervention by local financial regulators and a gradual return of foreign investors have helped Indonesian stocks reach bull-market status after hitting a five-year low in early June.
· Justina Lee
US looks to boost anti-China spending worldwide by hundreds of millions, documents say
WASHINGTON, D.C. — The Trump administration is preparing to ramp up funding by hundreds of millions of dollars for programs designed to counter China’s growing influence around the world, after it had put a halt to many of those initiatives last year during a flurry of budget and personnel cuts.
· Agence France-Presse
Josh Hart trolls Donovan Mitchell over Mets’ sad reality ahead of trade deadline
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· Collin Ward
Harvey Norman, Latitude issued $55m penalty for misleading ad campaign
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· Luke Cooper
Kaiser Reef soil survey lights up 4.4km VIC gold trend
Profitable, dual-asset gold producer Kaiser Reef has lit up a 4.4-kilometre-long gold trend at its Maldon project in Victoria after a low-cost soil sampling program returned peak values of an impressive 2.7 grams per tonne (g/t) gold.
· Murray Ward
Rate rise on August agenda as Bullock issues wage warning
Reserve Bank governor Michele Bullock has put an interest rate hike on the agenda for the bank’s August meeting while warning that without a lift in productivity, Australians will struggle to get real wage increases.
· Shane Wright