Half-year Hong Kong stocks report card: shares drop 11% on Fed pivot, lack of AI play
City’s exchange ranks among world’s worst performers as IPOs vacuum up capital and lock-up releases loom
· Zhang Shidong
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Newest first · UTC+11:00Half-year Hong Kong stocks report card: shares drop 11% on Fed pivot, lack of AI play
City’s exchange ranks among world’s worst performers as IPOs vacuum up capital and lock-up releases loom
· Zhang Shidong
S. Korean authorities sell net US$13.6 bln in Q1 to stabilize FX market
SEOUL, June 30 (Yonhap) -- The South Korean authorities sold a net US$13.6 billion in the first quarter to stabilize the foreign exchange market, central bank data showed Tuesday.
· Kim Boram
(LEAD) Samsung, SK eye 896 tln-won investment in southwest region amid gov't drive
(ATTN: ADDS more info throughout)
· Kim Han-joo
Inflation likely to stay ‘significantly above target,’ top European central banker warns
Inflation is at risk of remaining above target despite the U.S. and Iran agreeing to end their war in the Middle East, a top European central banker warned on Tuesday.
· Chloe Taylor
OTP gives Hong Kong a vote of confidence as European banks look East
European banks, facing rising costs and energy instability, are turning to Hong Kong for funding, with Hungary’s OTP Bank leading the shift
· Daisy Wu
OTP gives Hong Kong a vote of confidence as European banks look East
European banks, facing rising costs and energy instability, are turning to Hong Kong for funding, with Hungary’s OTP Bank leading the shift
· Daisy Wu
Meet the young Emiratis striving to shape the country's economic future | The National
When Afra Al Ahbabi, 18, visited a doctor, she expected to leave with a prescription. Instead, she left with a business idea.
· Shireena Al Nowais
East Timor targets closer Asean-Greater Bay Area ties to spur economic growth
Asean’s newest member says cooperation between the two regions should be based on a commitment to inclusive growth and trust
· Kolette Lim
East Timor targets closer Asean-Greater Bay Area ties to spur economic growth
Asean’s newest member says cooperation between the two regions should be based on a commitment to inclusive growth and trust
· Kolette Lim
EY sacks graduate employee after he allegedly accessed Australian PM’s bank account
Two men – including one who worked for EY – appear in court after being charged over accessing restricted data
· Australian Associated Press
'Terrorist' vs 'Judeo-Nazi': MKs trade barbs over bill barring Red Cross from Israeeli prisons
In light of the haredi (ultra-Orthodox) boycott, the Knesset plenum rejected in its first reading a bill to amend the Prisons Ordinance, Amendment No. 73, which sought to prevent representatives of the International Committee of the Red Cross from entering detention facilities and to prohibit the transfer of informa…
· ANNA BARSKY
South Korea's Lee makes chip hub pitch in country's southwest
South Korean chipmakers SK Hynix and Samsung are racing to keep up with surging demand for memory chips used in AI computing. (Nikkei montage/Source photos by Reuters and Getty Images)
· Staff Writer
Ja Morant is headed to Portland after the Memphis Grizzlies trade the 2-time All-Star
Ja Morant is headed to Portland, after the Trail Blazers and Memphis completed a trade Monday night that sees the Grizzlies starting anew and gives the two-time All-Star a chance to revive his career.
· Associated Press
Samsung, SK eye 896 tln-won investment in southwest region amid gov't drive
SEOUL, June 30 (Yonhap) -- Samsung Group and SK Group vowed a combined investment of 896 trillion won (US$578 billion) in the southwest region, in line with the government's vision of pursuing shared growth in the artificial intelligence (AI) industry, the industry ministry said Tuesday.
· Kang Yoon-seung
Israel Shipyards launches AREONOUS to hunt FPV drones with autonomous net-launching kits
Israel Shipyards Ltd, the defense giant known primarily for producing vessels for the Israel Navy, has recently entered the drone interception market by unveiling a subsidiary, AREONOUS.
· UDI ETZION
French biotech stock soars 25% after new data on experimental medicine
Shares of French biotech company Abivax soared Tuesday after it released fresh data on its lead drug for bowel disease, clawing back heavy losses from earlier in the month when the same trial had investors questioning the future of the drug.
· Elsa Ohlen
Kakao Bank AI safety research gains global recognition
Kakao Bank said Tuesday its Financial Tech Lab's research on financial artificial intelligence safety has gained global recognition, with four papers accepted at major AI-related conferences this year.
· Choi Ji-won
Gold posts steepest monthly drop since 2008 as stronger dollar dents appeal | The National
Gold prices slipped more than 1 per cent on Tuesday and were on track for their biggest monthly decline since October 2008, as uncertainty in the Middle East gave way to expectations of US interest rate increases to tame elevated inflation.
· Reuters
(URGENT) Seoul shares end 0.97 pct higher on tech gains, with upcoming U.S.-Iran talks in focus
(2nd LD) S. Korea to build semiconductor cluster in southwest with 800 tln won in corporate investment
· Kim Eun-jung
Telstra’s claimed coverage slashed by almost 1 million km
Telstra has slashed the size of its claimed mobile network coverage by almost a third under new government rules forcing telecommunications companies to measure and report signal strength using a common standard.
· Tim Biggs
The humiliating saga for a highly paid master of the universe
June 30, 2026 — 4:18pm
· Elizabeth Knight
Top diplomats of S. Korea, Ukraine discuss N. Korean POWs, bilateral cooperation
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
LG Electronics to create robotics division to accelerate physical AI push
SEOUL, June 30 (Yonhap) -- LG Electronics Inc. said Tuesday it will establish a new robotics business division reporting directly to the chief executive officer (CEO) as part of a broader organizational restructuring.
· Kim Han-joo
He stole $3m to feed his gambling addiction. He wants betting agencies to repay his victims
A jailed former financial adviser who stole more than $3 million from clients to feed his gambling addiction is seeking to sue the betting agencies in a bid to claw back the money for his victims.
· Michaela Whitbourn
LG sets up CEO-level robotics unit for physical AI push
LG Electronics said Tuesday it will set up a new robotics business center directly under its chief executive in a reshuffle aimed at accelerating one of its key future growth bets in physical AI.
· Jo He-rim
Korean stock market braces for NPS rebalancing sell-off
Pension fund expected to trim domestic equities as Kospi rally lifts allocation above target
· Im Eun-byel
UAE petrol prices to drop in July as world oil falls back to prewar levels | The National
UAE petrol prices will fall in July, the first drop in five months, as global crude oil benchmarks dip to pre-Iran war levels, easing supply concerns.
· The National
Philippines courts Greater Bay Area investors as gateway to Southeast Asia
Manila’s trade chief points to soaring trade data and special economic zones in her pitch to Chinese investors at SCMP’s GBA-Asean Summit
· Kolette Lim
‘Digital bridge’ Philippines woos Greater Bay Area enterprises
Manila’s trade chief points to soaring trade data and special economic zones in her pitch to Chinese investors at SCMP’s GBA-Asean Summit
· Kolette Lim
Energy storage sector tested as China sets 60-day payment cap in anti-involution campaign
China enforces stricter payment rules for EV and energy storage batteries in a bid to curb disorder and build a resilient supply chain
· Themis Qi
Price war fallout: China imposes 60-day payment cap for energy storage sector
China enforces stricter payment rules for EV and energy storage batteries in a bid to curb disorder and build a resilient supply chain
· Themis Qi
N. Korea's port activity jumps fivefold since 2019, suggesting illicit coal trade: report
SEOUL, June 30 (Yonhap) -- Commercial vessel activity at North Korea's ports has surged fivefold since 2019, a report said Tuesday, raising fresh suspicions of illegal coal trading.
· Woo Jae-yeon
Border security stepped up after 2 Malaysians hurt in roadside bomb in Thai south
A total of 4.4 million Malaysians crossed the border last year, making the country Thailand’s largest inbound tourism market
· Ushar Daniele
Border security stepped up after 2 Malaysians hurt in roadside bomb in Thai south
A total of 4.4 million Malaysians crossed the border last year, making the country Thailand’s largest inbound tourism market
· Ushar Daniele
Amplia reshapes board for next phase of cancer drug push
Amplia Therapeutics has refreshed its board, handing the chairman’s role to experienced life sciences director Jane Bell AM as the Melbourne-based drug developer looks to convert encouraging clinical momentum into regulatory and commercial success.
· Penny Taylor
(URGENT) S. Korea cancels launch of solid-fuel space rocket over safety concerns: defense ministry
(2nd LD) S. Korea to build semiconductor cluster in southwest with 800 tln won in corporate investment
· Kim Seung-yeon
Japan auto sector takes lessons from German-style apprenticeships
Japanese delegates saw the training schedules of the Mercedes-Benz truck plant near Stuttgart during the first stop of the tour. (Photo by Kyra Jaeger)
· Staff Writer
Merz floats Plaza Accord redux to tame China’s trade practices
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· Tom Harper
Blazers acquire Ja Morant in 3-player deal with Grizzlies
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· delfin.dioquino editor
Short sellers keep betting against Pop Mart — even though it's been a losing trade
Short sellers are doubling down on Pop Mart International even as a recent share price recovery makes their bearish bets on the Chinese toymaker look increasingly risky.
· Anniek Bao
Why America’s global appeal is in decline
By Natalia Burlinova, PhD in Political Science, Associate Professor at the Financial University under the Government of the Russian Federation; Member of the Civic Chamber of the Russian Federation.
· RT
Only a royal commission can get to the bottom of mounting claims of misconduct on Victoria’s Big Build | Deborah Glass
Premier Jacinta Allan blames inflation, not corruption, for the rising cost and says existing agencies have the matter in hand. But do they?
· Deborah Glass
China’s factory activity returns to expansion in June but weak domestic demand lingers
The world’s second-largest economy registered robust trade growth this year, with May exports skyrocketing 19.4 per cent year on year
· Alice Li
China’s factory activity returns to expansion in June but weak domestic demand lingers
The world’s second-largest economy registered robust trade growth this year, with May exports skyrocketing 19.4 per cent year on year
· Alice Li
Chinese billionaire Guo Wengui gets 30 years in US prison for huge fraud
A self-exiled billionaire Chinese business tycoon has been sentenced to 30 years in a United States prison for financial fraud that a federal judge said cost more than 1,000 people worldwide hundreds of millions of dollars.
· Al Jazeera
Metro Manila workers to get ‘historic’ P85 minimum wage hike
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· lkyu0285
‘Commanding heights of the economy’: the postwar blueprint that inspires Burnham
In the second of a series on nationalisation, we look at the lessons from Clement Attlee’s administration
· Larryelliott
Chinese EV makers gain traction in South Korea’s import car market
While not a high-volume market, success in South Korea helps ‘prove the quality and competitiveness’ of Chinese EVs, analyst says
· Yulu Ao