The U.S.–South Korea relationship has been on shaky footing as both nations espouse different views on reigning in a belligerent Pyongyang. At a time of heightened alarm on the Korean Peninsula, President Donald Trump has a chance to strengthen the 67 year-old military alliance when he visits Seoul in a week. His trip will be […]

Samsung Electronics on Tuesday said income from memory chips helped it book record quarterly profit for the three months through September, as the South Korean tech firm reported earnings that matched its earlier guidance. Operating profit nearly tripled in the third quarter from the same period a year earlier to 14.5 trillion won ($12.91 billion), […]

China is expected to report its official manufacturing Purchasing Managers’ Index for the month of October on Tuesday. That will mark the country’s first data release after last week’s Communist Party leadership confab. Analysts polled by Reuters expected China to post official PMI of 52.0 for October, down from 52.4 in September. A reading above […]

U.S. stocks closed lower ahead of Asia’s Tuesday trading day following news that planned stateside tax cuts could be phased. Investors in the region also awaited the release of China’s official Purchasing Managers’ Index and the Bank of Japan’s rates decision later in the session. Tax cuts were in the spotlight overnight following a Bloomberg […]

An online investment platform that allows Chinese investors to access a number of “alternative” U.S. investments officially launched Monday. Financial technology firm MarketX lets upper-middle class and institution Chinese investors to invest in tech firms that have not yet issued shares to the general public. These include such notable names as ride-hailing giant Lyft, music […]

After a week of relatively stable trade during China’s 19th Communist Party Congress, Chinese stocks took a tumble in early Monday trade. The Shanghai Composite was down 0.73 percent at 12:47 p.m. HK/SIN after sliding 1.3 percent earlier in the session. The Shenzhen Composite and the ChiNext index, Shenzhen’s Nasdaq-style start-up board, were down 1.244 […]

Senior defense officials from the United States, South Korea and Japan held trilateral talks and urged North Korea to walk away from its “destructive and reckless path” of weapons development, the U.S. military said in a statement. Chairman of the U.S. Joint Chiefs of Staff General Joseph Dunford hosted his South Korean and Japanese counterparts […]

Kobe Steel has decided to withdraw its forecast for current financial year, the Nikkei business daily reported on Monday, as it struggles to quantify the impact of its data falsification scandal. Japan’s No.3 steelmaker has also decided not to pay a dividend for the six months through September, the Nikkei said without citing sources, adding […]

HSBC, Europe’s largest bank, is expected to announce on Monday an increase in its third-quarter pre-tax profit and revenue, helped by the continuous cost-cutting effort and a low base from a year ago, analysts said. The bank, listed in Hong Kong, London and New York, is scheduled to release its third-quarter financial statement at noon […]

Political developments weighed on the euro ahead of Asia’s Monday trading day as investors awaited quarterly results from regional corporates. Markets have for days been keeping an eye on news about the next Federal Reserve chair. President Donald Trump reportedly favors nominating Federal Reserve Governor Jerome “Jay” Powell when current Chair Janet Yellen’s term comes […]