Asia Business

World Bank sees Algeria's 2019 GDP growth at 1.3%

10/10 The World Bank said on Thursday it expected Algeria's economy to grow by 1.3% this year, down from 1.5% in 2018 and lower than the government's forecast of 2.6%, due to "political uncertainty".  Full story

China reports new African swine fever outbreak in northwest province

13/10 China reported another outbreak of the African swine fever on Sunday in its northwestern province of Gansu, the Ministry of Agriculture and Rural Affairs said on its website.. . .  Full story

Saudi Arabia opens new logistics zone in Jeddah, eyes private investors

13/10 Saudi Arabia launched on Sunday a new logistics zone open to private investors in the Red Sea port city of Jeddah, as part of a wider industrial initiative to diversify the economy away from. . .  Full story

Egypt cuts stock exchange fees in bid to boost investments

13/10 The Egyptian Financial Regulatory Authority (FRA) said on Sunday it had approved lowering stock exchange trading fees to encourage investment and competitiveness with other regional markets.. . .  Full story

Vietnam's 2019 economic growth seen higher than 6.8 pct - president

13/10 Vietnam's economic growth this year is expected to surpass the government's target range of 6.6%-6.8%, President Nguyen Phu Trong said, as the country benefits from the trade war between the U.S. and China.. . .  Full story

World Bank slashes India's growth forecast to 6% for this fiscal year

13/10 The World Bank on Sunday slashed its growth forecast for India's current fiscal year to 6%, down from 7.5%, warning that the "severe" slowdown could further weaken the country's stuttering financial sector.. . .  Full story

India watchdog links over $500 mln Bhushan Power assets to fraud probe

13/10 India's financial fraud agency said on Saturday assets worth 40.25 billion rupees ($567.60 million) of Bhushan Power & Steel Limited were connected with a money-laundering probe, a move that could scupper the debt-ridden firm's sale. . .  Full story

Aramco hopes to repair remaining damage from attacks by end-Nov

12/10 Oil major Saudi Aramco hopes to fix by the end of November the last four key pieces of equipment damaged during attacks last month, in a move to allow it to fully regain production. . .  Full story

China, locked in trade war with US, agrees to tackle India's trade deficit

12/10 Chinese President Xi Jinping and Indian Prime Minister Narendra Modi agreed at a summit on Saturday to set up a high-level group to tackle India's galloping trade deficit with the world's second-biggest economy, a top. . .  Full story

China's finance ministry urges increased farm insurance coverage

12/10 China's Ministry of Finance on Saturday published suggestions for improving the country’s agricultural insurance to better protect farmers.. . .  Full story

Turnaround specialist behind Noble Group's rescue replaced as chairman

12/10 Noble Group Holdings said Paul Brough, who rescued the once mighty commodity trader from near-collapse, had stepped down as executive chairman.. . .  Full story

Gabon's GDP growth to rise to 3.4% this year -IMF

12/10 Gabon's economy is expected to grow by 3.4% in 2019, up from 0.8% last year, due to strong performances by the oil, mining and timber sectors, the International Monetary Fund (IMF). . .  Full story

Malaysia optimistic of winning investor, ratings agencies' confidence in budget plans

12/10 Malaysia is "cautiously optimistic" it would win the confidence of investors and ratings agencies for its 2020 budget, its finance minister said on Saturday, as the government prioritised boosting growth over reducing the deficit in. . .  Full story

OPEC in compliance push before Dec meeting; Gabon says will adhere

11/10 Gabon has told OPEC it will comply fully with its pledge to cut oil output under a 2019 supply deal between the exporter group and rivals such as Russia, in the latest sign of. . .  Full story

Asia Gold-Indian festival fails to buoy demand; China awaits trade verdict

11/10 Gold demand in top-consumer China was subdued this week as investors awaited outcome of crucial trade negotiations with the United States, while purchases in India during a key festival were lower-than-usual because of higher prices.. . .  Full story

Asian oil buyers grapple with rising costs as global freight rates jump

11/10 Asian oil refiners are grappling with a jump in global freight rates that shows no sign of abating, driving up costs of crude imports from all regions in the fourth quarter, industry officials said.. . .  Full story

Indonesia to tighten textile import rules following influx of goods-official

11/10 Indonesia's Trade Ministry will tighten restrictions on textile imports in an effort to protect local industries, an official told reporters on Friday.. . .  Full story

Malaysia widens fiscal deficit target in budget, promises stimulus if needed

11/10 Malaysia's government on Friday unveiled a smaller budget than expected for next year but flagged a wider budget deficit than earlier estimated, and said it would step in with stimulus measures should global demand worsen.. . .  Full story

India's 2019 soybean output could drop 18% on excessive rain-trade body

11/10 India's soybean output in 2019 is likely to fall nearly 18% from a year ago to 9 million tonnes as excessive rainfall hit the oilseed crop in the top three-producing states, a leading industry. . .  Full story

SE Asia Stocks-End higher as Sino-U.S. trade talks bolster risk appetite

11/10 Southeast Asian stock markets ended higher on Friday as risk sentiment was boosted by signs of progress in China-U.S. trade talks. China's foreign ministry said it hoped for more progress. . .  Full story

Hong Kong urges property developers to cut rent for retailers

11/10 Hong Kong's financial chief urged landlords and property developers on Friday to offer rent subsidies to retailers and food and beverage businesses suffering after four months of protests that have dented tourism and consumer spending.. . .  Full story

China announces timetable for full financial sector opening in 2020

11/10 China announced a firm timetable for opening its futures, brokerage and mutual fund sectors fully to foreign investors next year, the latest step to deregulate the country's giant financial industry.. . .  Full story

Bain and Carlyle among shortlisted bidders for Japan's Hitachi Chemical -sources

11/10 Japan's Hitachi Ltd has narrowed suitors for its $6.8 billion chemical unit to a handful of companies including Bain Capital and Carlyle Group LP, people with knowledge of the deal said.. . .  Full story

HK stocks post weekly gains amid positive trade signals

11/10 Hong Kong stocks staged a strong rally on Friday to end the week higher, bolstered by signs of progress in the two-day Sino-U.S. trade negotiations.. . .  Full story

Indonesia considers bauxite royalty rule changes amid output surge

11/10 The Indonesian government has opened discussion on a proposal by the bauxite-rich province of West Kalimantan for a change in royalty rules after a jump in production in recent months, according to a statement. . .  Full story

JGBs fall across maturities as hopes for trade talks lift risk appetite

11/10 Japanese government bond (JGB) prices fell across the yield curve on Friday, as hopeful signs of progress in U.S.-China trade talks boosted risk appetite and diminished demand for safe-haven debt.. . .  Full story

Japanese stocks climb to 1-1/2-week high on trade optimism; Seven & I shines

11/10 Japanese shares rose to their highest level in over a week on Friday as the safe-haven yen eased on hopes of progress in U.S.-China trade talks.. . .  Full story

Indonesia likely to record trade surplus in September

11/10 Indonesia is expected to post a trade surplus for a second straight month in September amid a slower pace of decline in exports and imports, a Reuters poll showed on Friday.. . .  Full story

Kuroda says BOJ still has room to ease policy

11/10 Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank still has tools to achieve its 2% inflation target, brushing aside criticism that it has run out of means to ramp up. . .  Full story

Most Japan households plan to cut spending after tax hike - BOJ survey

11/10 Nearly 70% of Japanese households expect to cut back on spending after an increase in the sales tax rate this month, a central bank survey showed, adding to headwinds for an economy grappling with. . .  Full story

China and Hong Kong stocks rally on trade optimism

11/10 China and Hong Kong stocks advanced on Friday, as investors cheered signs of progress in the ongoing Sino-U.S. trade talks.. . .  Full story

Why strong monsoon rains are not necessarily good news for Indian farmers

11/10 India, one of the world's biggest agricultural producers, experienced its heaviest monsoon rains in 25 years this year.. . .  Full story

Japanese stocks rise to 1-1/2-week high; Seven & I shines

11/10 The Nikkei's benchmark index struck its highest in over a week on Friday as the safe-haven yen eased on hopes of progress in U.S.-China trade talks, and Seven & I Holdings, Japan's largest convenience. . .  Full story

Japan firms see 'Abenomics' sputtering, tax hike hurting economy-poll

11/10 Japanese companies overwhelmingly think the nation's longest postwar expansion is peaking, with two-thirds expecting a tax hike imposed this month by Prime Minister Shinzo Abe to hurt the economy, a Reuters poll showed on Friday.. . .  Full story

Egypt's annual urban consumer inflation falls to 4.8% in Sept as reforms bite

10/10 Egypt's annual urban consumer price inflation decreased to 4.8% in September from 7.5% in August, the statistics office said on Thursday, slowing to its lowest level in almost seven years and paving the way. . .  Full story

Abu Dhabi's Arabtec, Trojan hire advisers for potential merger-sources

10/10 Arabtec Holding and Trojan Holding have mandated Swiss bank UBS and Dubai-listed Shuaa Capital as advisers on a potential merger between the two United Arab Emirates construction firms, two sources with knowledge of the matter. . .  Full story

Iran's economy to shrink by 8.7% in 2019/20 - World Bank

10/10 Hit by wide-ranging U.S. sanctions, Iran's economy is expected to contract by 8.7% in the financial year 2019/20 mainly due to constraints on its oil and gas industry, the World Bank said.. . .  Full story

Japan Airlines to cancel over 90% of domestic flights to and from Haneda, Narita airports on Saturday –NHK

10/10 Japan Airlines will cancel more than 90% of domestic flights to and from Tokyo's Haneda airport and Narita airport in Chiba prefecture on Saturday due to Typhoon Hagibis, public broadcaster NHK said.. . .  Full story

Egypt eyes minority stake sales of state firms by end-Dec but doubts persist

10/10 Egypt plans to sell minority stakes in two companies by year-end, ramping up its long-delayed privatisation programme though analysts doubt it is moving quickly enough to convince investors it is serious about opening up the. . .  Full story

UAE excise tax to include e-cigarettes, beverages with added sugar

10/10 The United Arab Emirates said on Thursday it is expanding the scope of excise tax to include e-cigarettes and related liquids and beverages with added sugar.. . .  Full story

Regulators reject Qatari-backed Deutsche Bank board member - sources

10/10 In a rare intervention, Deutsche Bank's regulators are blocking a banker backed by its largest shareholder, Qatar, from a seat on the supervisory board because of a conflict of interest, according to two people with. . .  Full story

India's August rice exports drop 29% on weak African demand -govt

10/10 India's rice exports in August fell 29% year-on-year to 644,249 tonnes, government data showed on Thursday, due to weak demand from African countries for non-basmati rice, among other factors.. . .  Full story

OPEC to issue October oil market report at 1145 GMT

10/10 OPEC's October Monthly Oil Market Report will be issued at 1145 GMT (1245 London time, 1345 Vienna time) on Thursday, the group said in an email. (Editing by David Goodman). . .  Full story

SE Asia Stocks-Most end lower, trade fears turn investors cautious

10/10 Most Southeast Asian stock markets closed in the red on Thursday amid cautious mood as market participants awaited high-level Sino-U.S. trade talks to begin, while Philippines ended over 1% firmer. The. . .  Full story

China oil refiner issues $140 mln green bond to fund new capacity

10/10 Oil refiner Jiangsu Eastern Shenghong Co. has issued a green bond worth 1 billion yuan ($140.60 million) to fund a petrochemical complex, the latest Chinese company to use clean financing to develop polluting fossil fuels.. . .  Full story

Hong Kong shares end firmer as reports fuel trade-deal hopes

10/10 The Hong Kong stock market closed higher on Thursday on hopes that Beijing and Washington could reach a partial deal, but gains were limited after a media report cited that this week's high-level trade. . .  Full story

S.Korea regulator says monitors Lime Asset after suspended withdrawals

10/10 South Korea's financial regulator said on Thursday it is monitoring Lime Asset Management after the hedge fund suspended withdrawals that media reports valued at about $520 million.. . .  Full story

Fast Retailing books record profit, says S.Korea boycott curbs outlook

10/10 Fast Retailing Co Ltd on Thursday booked record profit for a third consecutive year on strong sales at its Uniqlo stores in China, and forecast further growth in the current year albeit tempered by. . .  Full story

World Bank sees Egypt economy growing 5.8% in 2019/20

10/10 The World Bank forecast on Thursday that Egypt's economy would grow by 5.8% this fiscal year, marginally lower than the government's target of 5.9% but in line with the bank's expectation. . .  Full story

Indonesia to relax rules, launch more special economic zones to attract investment

10/10 Indonesia will expand and simplify tax incentives it offers for investment in special economic zones (SEZs) and develop more such areas, aiming to attract over $50 billion investment into those zones in the next decade,. . .  Full story

China stocks hit 2-week high on U.S. trade deal hopes

10/10 China's stocks climbed to a two-week high on Thursday as investors hoped for a partial trade deal between Washington and Beijing, but a report stating Chinese officials are looking to cut short their visit. . .  Full story

Moody's cuts growth forecast for India to 5.8% this fiscal year

10/10 Moody’s Investors Service on Thursday cut its growth forecast for India for the fiscal year that began in April to 5.8% from 6.2% and said a weaker growth outlook will dampen the prospects for. . .  Full story

Japan stocks end higher on hopes for U.S.-China thaw

10/10 Japanese stocks bounced back from early losses to end higher on Thursday, helped by a flush of optimism over chances that the United States and China can scale back their trade war at high-level. . .  Full story

China says 2018/19 corn use in animal feed lower than expected

10/10 China on Thursday said estimates for corn consumption in 2018/19 came in lower than expected after a severe pig disease slashed the country's pig and sow herd, and as hog and poultry output expansion. . .  Full story

Malaysia end-Sept palm oil stocks mark first gain in 7 months

10/10 Palm oil inventories in Malaysia, the world's second-largest producer of the edible oil, rose for the first time in seven months in September, data from an industry regulator showed on Thursday, as production rose amid. . .  Full story

China stocks edge higher in cautious mood over trade talks

10/10 China stocks rose on Thursday as reports cited that Washington is looking at rolling out a previously agreed currency pact with Beijing, raising hopes of a partial deal, though claims that junior negotiators had. . .  Full story

JGB prices ease slightly on hopes for U.S.-China trade compromise

10/10 Japanese government bond prices fell slightly on Thursday, as signs that the United States and China may reach a compromise to de-escalate their bitter trade war reduced demand for safe-haven assets.. . .  Full story

Several Asian refiners to get full Saudi oil supplies in November -sources

10/10 At least seven Asian refiners will receive the full crude volumes they requested from Saudi Arabia for November loading, a sign that Saudi production has stabilized after disruptions last month, multiple sources with knowledge of. . .  Full story

Thailand, Philippine firms lead revival in Southeast Asia IPOs

10/10 Thailand and Philippine companies are leading a regional pick-up in initial public offerings (IPOs), spurred by growing investor interest in firms focussed on Southeast Asian consumers.. . .  Full story

Japan yet to completely emerge from deflation - econmin Nishimura

10/10 Japan's government and the central bank will take all necessary steps to ensure a sustained economic recovery as the country has not completely emerged from deflation yet, Economy Minister Yasutoshi Nishimura said on Thursday.. . .  Full story

Japan stocks come off lows as trade optimism improves

10/10 Japanese stocks bounced back from early losses on Thursday, as optimism improved that the United States and China can scale back their trade war at high-level talks taking place later in the day.. . .  Full story

Japan's soft machinery orders heighten doubts over business spending

10/10 Japan's core machinery orders slipped for the second consecutive month in August, suggesting deeper fissures in business investment and the broader economy from slowing global trade.. . .  Full story

Japan, U.S. stocks bounce on report Trump to announce concessions for Huawei

10/10 Japan's Nikkei share average turned positive and U.S. S&P500 futures pared most of their losses on Thursday after the New York Times reported the United States will soon issue licenses allowing some U.S. firms to. . .  Full story

Libyan state oil firm pays salaries for eastern unit with parallel board

09/10 Libyan state oil firm NOC said on Wednesday it had been able to pay the salaries in September of staff at a fuel distribution unit after a dispute with a parallel board established by. . .  Full story

Political uncertainty dents Argentine corn crop expectations -exchange

09/10 Argentina is expected to harvest 47.5 million tonnes of corn this season, the Rosario grains exchange said on Wednesday, down from a previous estimate of 50 million tonnes as growers grapple with dry weather. . .  Full story

India's monsoon starts withdrawing in delayed retreat

09/10 India's monsoon rains started withdrawing from the northwest region from Wednesday, marking the most delayed retreat of the seasonal rainfall, the Indian Meteorological Department said on Wednesday.. . .  Full story

Brazil's BRF maintains Gulf meat supply despite Abu Dhabi plant audit

09/10 Brazilian food processor BRF SA confirmed on Wednesday that its plant in Abu Dhabi was being audited and that Saudi Arabia had restricted buying of some of its products, but it was still supplying. . .  Full story

Indian central bank blocks Lakshmi Vilas-Indiabulls merger

09/10 Indian lender Lakshmi Vilas Bank Ltd (LVB) said on Wednesday the central bank had not approved its merger with Indiabulls Housing Finance Ltd, making it the latest bank to face struggles in an already troubled. . .  Full story

Egypt denounces Ethiopia for moving ahead with Nile dam amid water-shortage fears

09/10 Egypt denounced Ethiopia on Wednesday for moving forward with building and operating a hyropower dam on the Nile, which Cairo worries will threaten already scarce water supplies.. . .  Full story

FranceAgriMer raises wheat export outlook on trader optimism

09/10 Farm office FranceAgriMer sharply increased its forecast for French soft wheat exports this season, pointing to optimism among traders that a big harvest and competitive prices would let France expand overseas sales.. . .  Full story

Thai airport rail contract deadline extended in row over risk

09/10 Thailand will give Charoen Pokphand Group and its partners 10 more days to sign a contract for a 225 billion baht ($7.43 billion) high-speed railway linking three airports, an official said, amid a row. . .  Full story

Top shareholder in Japan's Unizo wants explanation after $1.3 bln U-turn

09/10 The top shareholder in Japan's Unizo Holdings on Wednesday pressed the hotel chain to explain its sudden withdrawal of support for a $1.3 billion buyout, breaking its silence over concerns about disclosure and governance.. . .  Full story

China to help ease fiscal strains on local governments amid tax cuts

09/10 China's cabinet unveiled steps on Tuesday to ease growing fiscal strains on local governments, amid a push to cut taxes to support the slowing economy.. . .  Full story

Attacks on Saudi Aramco have no impact on IPO plans - CEO

09/10 Saudi Aramco's chief executive said on Wednesday there would be no impact on the stock market listing plans of the state oil giant after attacks on its installations last month, which he blamed on. . .  Full story

SE Asia Stocks-Most fall as rising U.S.-China tensions dent trade deal hopes

09/10 Most Southeast Asian stock markets closed lower on Wednesday as rising tensions between the United States and China punctured hopes of a trade deal with talks slated to begin on Thursday.. . .  Full story

Indonesia launches agency to manage environment funds

09/10 Indonesia launched an agency to manage funds for climate change management on Wednesday as part of its efforts to meet its climate goals.. . .  Full story

Saudi Aramco CEO says output stood at 9.9 mln in October

09/10 Attacks on Saudi oil facilities have had no impact on Saudi Aramco's <IPO-ARMO.SE> position ahead of a planned partial stock market listing, its Chief Executive Amin Nasser told an Oil & Money conference on Wednesday.. . .  Full story

China stocks close higher as banks, real estate stocks rally

09/10 China stocks erased losses to end higher on Wednesday, as banks and real estate firms jumped, while investors were cautious ahead of important trade talks between the U.S. and China.. . .  Full story

Kansai Electric's top two executives to resign over graft scandal

09/10 Kansai Electric Power Co Inc's chairman and president said on Wednesday they would resign to take responsibility for a graft scandal that has rocked Japan's second-largest utility, in a reversal of their stated intention to. . .  Full story

Mid- and short-term JGBs slightly firmer as Sino-U.S. tensions heighten

09/10 Mid- and short-term Japanese government bond (JGB) prices firmed slightly on Wednesday as escalating U.S.-China tensions diminished hopes for a trade deal, boosting safe-haven assets.. . .  Full story

OMV output dips in Q3, refining margin up due to travel season

09/10 Austrian group OMV's oil and gas output decreased slightly in the third quarter due to maintenance work in Russia and as the previous quarter's catch-up effects from production in Libya dissipated.. . .  Full story

Philippines AirAsia delays IPO to 2020 or 2021

09/10 The Philippine unit of AirAsia Bhd is postponing its initial public offering (IPO) to next year or 2021 as it focuses on corporate reorganisation and seeking funds from existing shareholders, its chairman said on Wednesday.. . .  Full story

China, Solomon Islands sign deals under new diplomatic ties

09/10 Solomon Islands Prime Minister Manasseh Sogavare met Chinese Premier Li Keqiang in Beijing on Wednesday and signed several agreements in the first official visit since the two countries established diplomatic relations last month.. . .  Full story

China, HK stocks fall as escalating tensions cloud Sino-U.S. trade talks

09/10 China and Hong Kong stocks fell in early trade on Wednesday, as escalating trade and political tensions between Beijing and Washington a day ahead of high-level negotiations soured risk sentiment.. . .  Full story

China's Sept new loans seen rising, more policy easing expected

09/10 China's new bank loans likely rose in September but other key gauges of credit growth remained lacklustre, a Reuters poll showed, reinforcing expectations Beijing needs to deliver more support to stabilise the economy as trade. . .  Full story

Japan's Fast Retailing likely hit by S. Korea boycott; succession plans in focus -analysts

09/10 A South Korean boycott of Japanese goods is seen dragging down sales at Fast Retailing Co Ltd's Uniqlo stores, denting otherwise strong financial results due to be announced on Thursday by Asia's biggest fashion group,. . .  Full story

Libyan oil firm unable to pay salaries at eastern unit with parallel board

08/10 Libyan state oil firm NOC said on Tuesday it had been unable to pay salaries in September at a fuel distribution unit in the east where authorities have set up a parallel board.. . .  Full story

UAE promises investments, financial aid to Lebanon -Hariri

08/10 The United Arab Emirates has promised financial assistance and investments to Lebanon, Lebanese Prime Minister Saad al-Hariri said on Tuesday on Twitter.. . .  Full story

Swiss banks see growth shifting to EU if no treaty is struck

08/10 Swiss banks will have to shift more operations to the European Union if Switzerland fails to secure a treaty with the trading bloc, Geneva private bankers said on Tuesday.. . .  Full story

Saudi central bank vets local lenders ahead of Aramco IPO – sources

08/10 The Saudi central bank is vetting local lenders' exposure to Saudi Aramco ahead of an initial public offering (IPO) of the state-oil giant that will likely see large numbers of Saudi investors seek loans. . .  Full story

China's tourists cut back foreign travel over 'Golden Week', choose patriotic destinations at home

08/10 Chinese mainland tourists cut back on trips and spending abroad during the long "Golden Week" holidays in early October, with a weaker yuan, political turmoil in Hong Kong and global tensions dampening their enthusiasm. . .  Full story

Japan to tighten ownership reporting rules to boost national security

08/10 Japan will tighten reporting requirements for foreign investment in industries related to national security, officials said on Tuesday, reflecting broad concern that China could gain access to key technology and confidential information.. . .  Full story

SE Asia Stocks-Most end higher as markets hopeful on Sino-U.S. trade talks

08/10 Most Southeast Asian stock markets ended higher on Tuesday as investors turned their focus to Sino-U.S. trade talks due later this week, hoping that further tariffs between the world's two biggest economies can be. . .  Full story

BOJ's policy prod banks to charge fees, may affect negative rate debate

08/10 The Bank of Japan's ultra-loose monetary policy is prodding commercial banks to slowly diversify their source of revenue, with industry giant Mizuho Bank announcing on Tuesday a plan to hike some fees for its. . .  Full story

China's outstanding MLF at 3.17 trln yuan at end-Sept

08/10 China's outstanding medium-term lending facility (MLF) totalled 3,167 billion yuan ($444.17 billion) at end-September, compared with 3,408.5 billion yuan at end-August, the central bank said on Tuesday.. . .  Full story

Hong Kong stocks firm, but trade and protest worries cap gains

08/10 Hong Kong stocks closed higher on Tuesday, tracking gains in mainland China on stimulus hopes, though uncertainties around Sino-U.S. trade talks and worries over protests in the island city curbed gains.. . .  Full story

China stocks rise on stimulus hopes, trade anxiety curbs gains

08/10 China stocks ended higher on Tuesday, as a dim services sector survey reinforced hopes that Beijing will roll out more stimulus measures, though uncertainties around Sino-U.S. trade talks curbed gains.. . .  Full story

JGBs retreat slightly on stock gains; Sino-U.S. trade talks awaited

08/10 Japanese government bond (JGB) prices fell across maturities on Tuesday, taking cues from a rally in Tokyo stocks and overnight losses in U.S. Treasuries, and as investors awaited U.S.-China trade talks due later in. . .  Full story

Tokyo shares rebound; chip-related shares jump on Samsung's Q3 guidance

08/10 Japanese shares bounced back on Tuesday ahead of high-level Sino-U.S. talks this week to resolve a damaging trade war, with semiconductor-related firms leading the gains after Samsung flagged a slightly better than expected third-quarter profit.. . .  Full story

China, Hong Kong stocks rise on stimulus hopes; trade talks in focus

08/10 China stocks rose on Tuesday as markets re-opened after a week-long holiday, with a dim services sector survey reinforcing hopes Beijing will roll out more stimulus measures.. . .  Full story