Hongkongers’ enthusiasm for travelling to Japan is expected to remain robust even as more municipalities in the country plan to impose lodging taxes to ease overtourism, according to industry leaders. Steve Huen Kwok-chuen, executive director of EGL Tours, which specialises in package tours to Japan, also said on Sunday that the additional tax was unlikely…
South Korea fired warning shots at North Korean soldiers that briefly crossed the heavily fortified border earlier this week, Seoul said Saturday after Pyongyang accused it of risking “uncontrollable” tensions. South Korea’s new leader Lee Jae Myung has sought warmer ties with the nuclear-armed North and vowed to build “military trust”, but Pyongyang has said…
HD Hyundai Bill Gates, in his role as founder of TerraPower, met with HD Hyundai’s executive vice-chairman Chung Kisun in Seoul today to further a strategic partnership aiming to commercialise small modular reactor (SMR) propulsion. The meeting—after their March rendezvous in the US—centred on scaling up supply chains and advancing Natrium sodium-cooled fast reactor tech…
Hong Kong stocks rose on Friday as investors awaited the outcome of the US Federal Reserve’s annual Jackson Hole meeting, while a JPMorgan report suggesting a rally in onshore Chinese stocks will continue acted as a catalyst. The Hang Seng Index added 0.3 per cent to 25,192.50 at 11.30am local time, paring the weekly loss…
SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty Images Asia-Pacific markets traded mixed Friday as investors look to U.S. Federal Reserve Chair Jerome Powell’s speech at the central bank’s annual economic symposium, which could offer clues into the…
Since Lee Jae-myung won South Korea’s presidential election on June 3, the Korean stock market has been on a tear. On June 2, the Korea Composite Stock Price Index (KOSPI)—the weighted index of all common stocks traded in the Korea Exchange—closed at 2,698.97. Around two months later on Aug. 4, the index closed at 3,147.75—a…
Hong Kong stocks fell for a fifth straight session on Wednesday, tracking an overnight sell-off on Wall Street and lingering concerns that tariffs on China will stay in place after US Treasury Secretary Scott Bessent suggested no imminent change. The Hang Seng Index declined 0.6 per cent to 24,980.20 at the noon trading break, adding…
SEOUL (Reuters) -North Korea leader Kim Jong Un said his country needed to rapidly expand its nuclear armament and called U.S.-South Korea military exercises an “obvious expression of their will to provoke war,” state media KCNA reported on Tuesday. South Korea and its ally the United States kicked off joint military drills this week, including…
Mainland Chinese stocks rose on Monday, driving a key gauge to a decade high amid increasing signs that investors have been rotating out of bonds and bank deposits into equities in hunt for better returns. The Shanghai Composite Index advanced 0.9 per cent to 3,728.03 at the close, a level not seen since August 19,…
WASHINGTON (AP) — American lawmakers are using a trip to South Korea and Japan to explore how the United States can tap those allies’ shipbuilding expertise and capacity to help boost its own capabilities, which are dwarfed by those of China. Sens. Tammy Duckworth, D-Ill., and Andy Kim, D-N.J., who are scheduled to land in…