North Korea says US drills have pushed situation to ‘extreme red-line’ – KCNA

SEOUL, Feb 2 (Reuters) – North Korea’s Foreign Ministry said on Thursday that drills by the United States and its allies have pushed the situation to an “extreme red-line” and threaten to turn the peninsula into a “huge war arsenal and a more critical war zone.” The statement, carried by state news agency KCNA, said … Read more

Samsung’s newest Galaxy S smartphones a test of brand power in weak market

SEOUL/SAN FRANCISCO, Feb 1 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest premium smartphones with a focus on their powerful cameras on Wednesday, in a test of its brand power as the market for mobiles undergoes unprecedented contraction. Analysts said the Galaxy S23 smartphone series, with its cameras and faster chips than its predecessor, could … Read more

Asian shares jump, dollar eases after Powell comments

SINGAPORE, Feb 2 (Reuters) – Asian stocks jumped on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a “disinflationary” process was underway, boosting risk appetite and hope that the US central bank will soon end its monetary tightening streak. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.84% ​​higher, … Read more

Stocks firm, dollar on edge ahead of Fed decision

US wage growth moderates, Wall Street rallies MSCI AxJ index up 0.6%; dollar flat All eyes on 1900 GMT Fed announcement SINGAPORE, Feb 1 (Reuters) – Asia’s stock markets steadied on Wednesday, with signs of a slowdown in US wages bolstering hopes that the Federal Reserve could hint at an end to interest rate hikes … Read more

South Korea factory activity contracts in January at slightly milder pace – PMI

SEOUL, Feb 1 (Reuters) – South Korea’s factory activity contracted for a seventh straight month in January, a business survey showed on Wednesday, amid weak global demand and soaring COVID-19 infections in China. Still, the pace of contraction was a bit milder than in the previous month, while manufacturers were also seen preparing for a … Read more

South Korea Jan exports plunge, trade deficit at record

SEOUL, Feb 1 (Reuters) – South Korean exports in January fell for a fourth consecutive month in annual terms, dropping faster than expected despite China’s reopening from long lockdowns as global demand cooled rapidly, data showed on Wednesday. Exports by Asia’s fourth-largest economy fell 16.6% in January from a year earlier, the trade ministry data … Read more

Asia shares turn cagey as rate hikes, earnings loom Fed seen hiking 25bp this week, ECB and BOE by 50bp Tech giants lead host of earnings results China shares up as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian shares turned cagey on Monday ahead of a week that is certain to see interest rates rise in Europe and the United States, … Read more

North Korea calls US pledge of tanks to Ukraine ‘unethical crime’

SEOUL, Jan 29 (Reuters) – North Korea on Sunday criticized for a second day a US decision to send tanks to Ukraine, calling it an “unethical crime” aimed at perpetuating an unstable international situation. Washington’s allegations that North Korea has provided arms to Russia are a “groundless rumor” to justify its own military aid to … Read more

Morning Bid: Gloomy economic signals

Jan 26 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. South Korea and the Philippines’ GDP data are on the Asian data docket for investors on Thursday, as the upbeat mood that has propelled global stocks and risk assets higher this year shows signs of fading. Some gloomy signals … Read more

Cargo ship sinks off Japan, leaving two dead, nine missing

TOKYO, Jan 25 (Reuters) – Two people died and nine were missing after a cargo ship sank off southwestern Japan early on Wednesday amid fierce winter winds, the coast guard said, as it continued to search for survivors. Six people who were rescued remained unconscious, while five had revived as of 8:30 pm local time … Read more