MANILA, Philippines (AP) — Asian stocks on Friday tracked Wall Street’s sharp drop in skittish trading, with the region’s major benchmarks erasing the previous day’s gains. The future for the S&P 500 was up 0.3% while that for the Dow Jones Industrial Average edged 0.4% higher. Japan’s Nikkei 225 fell 2.4% to 48,625.88 as worries…
China was already wary about Japan’s new prime minister, renowned Beijing hawk Sanae Takaichi, before she weighed in on one of its most sensitive issues: Taiwan. The saga began in late October when Ms Takaichi was questioned in parliament over how Japan would respond if China conducted a military blockade of Taiwan. “I believe any…
Japan’s export of lethal weapons sent an “extremely dangerous signal” indicating expanded military capabilities, Chinese observers and media said on Thursday as relations between the two countries continued to nosedive. The assessment followed Japanese media reports on Wednesday that Japan had exported domestically produced Patriot surface-to-air missile interceptors to the United States. The US would…
Greater Bay Airlines has become the first Hong Kong carrier to explicitly offer refunds for Japan-bound flights following Beijing’s travel warning to Chinese citizens. The announcement on Thursday came a day after the city’s flag carrier Cathay Pacific Airways and its budget arm said they would provide flexible arrangements for passengers in the wake of…
Taipei — Images of Taiwanese President Lai Ching-te holding a plate of sushi were posted on social media on Thursday in a show of support for Tokyo after reports that China will halt Japanese seafood imports. The row between Japan and China was triggered by new Japanese Prime Minister Sanae Takaichi suggesting this month that…
Amid a heated diplomatic row between Beijing and Tokyo which has shown no signs of cooling off, several employees of China’s state-owned enterprises have been advised to scrap their immediate travel plans to Japan, they told the Post on condition of anonymity. One of them, an engineer at a state-owned firm in the central Chinese…
Hong Kong’s flag carrier Cathay Pacific Airways will allow travellers who have booked tickets to Japan to “modify” their flights after Beijing’s earlier call for Chinese citizens to avoid going to the country. In a statement on Wednesday, the airline said it was “closely monitoring the situation” as tensions escalated over Japanese Prime Minister Sanae…
A senior Chinese diplomat indicated that talks aimed at easing tensions between China and Japan did not go well, suggesting the dispute over Prime Minister Sanae Takaichi’s comments on Taiwan is unlikely to fade soon. Liu Jinsong, director-general of the Chinese Foreign Ministry’s Asian Affairs Department, said he was “dissatisfied” with the result of his…
Investors are keenly awaiting the release of Nvidia’s earnings this week (JUSTIN SULLIVAN) Tokyo and Seoul led equity losses on Tuesday, while bitcoin fell below $90,000 as investors grow increasingly worried about frothy tech valuations, with focus on earnings this week from AI chip titan Nvidia. Building anxiety that this year’s record rally linked to…
Recent comments by Japan’s leader about the possibility of military action around Taiwan show Japan is returning to the path of militarism, Chinese state media said in a commentaryBloomberg Terminal, adding that any “militarist fantasies” would blow up in Tokyo’s face. Prime Minister Sanae Takaichi’s statement that Chinese military action in the Taiwan Strait could…