South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

Temasek’s $245 million FTX loss ’caused reputational damage’ to Singapore, says deputy prime minister Singapore’s Deputy Prime Minister Lawrence Wong said the state sovereign wealth fund’s investment loss of $275 million in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” to the city-state. But the investment loss does not mean the governance … Read more

China’s factory activity at lowest reading since April; Asia markets largely higher

China's factory activity at lowest reading since April;  Asia markets largely higher

Bitcoin briefly crosses $17,000 to highest levels since mid-November The price of bitcoin briefly surpassed $17,000 in Asia’s morning session for the first time since mid-November. Bitcoin rose 2.2% from the 24 hours previous, according to Coin Metrics and last traded at $16,863.07 per coin. Ether also rose, and was up 4.74% in the past … Read more

China’s security apparatus swings into action to smother Covid protests

China's security apparatus swings into action to smother Covid protests

CNN — China’s vast security apparatus has moved swiftly to smother mass protests that swept the country, with police patrolling streets, checking cell phones and even calling some demonstrators to warn them against a repeat. In major cities on Monday and Tuesday, police flooded the sites of protests that took place over the weekend, when … Read more

China protests: At the heart of protests against zero-Covid, young people cry for freedom

China protests: At the heart of protests against zero-Covid, young people cry for freedom

A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. CNN — For the first time in decades, thousands of people have defied Chinese authorities to protest at universities and on … Read more

China markets fall as protests erupt over Covid lockdowns

China markets fall as protests erupt over Covid lockdowns

hong kong CNN Business — China’s major stock indices and its currency traded sharply lower on Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled investor sentiment. Hong Kong’s Hang Seng (HSI) Index fell as much as 4.2% in early trading. It has since pared some losses and closed down … Read more

More anti-COVID protests in China triggered by deadly fire

More anti-COVID protests in China triggered by deadly fire

TAIPEI, Taiwan (AP) — Protests against China’s restrictive COVID-19 measures appeared to roil in a number of cities Saturday night, in displays of public defiance fanned by anger over a deadly fire in the western Xinjiang region. Many protests could not be immediately confirmed, but in Shanghai, police used pepper spray to stop around 300 … Read more

Taiwan president resigns as party leader after election loss

Taiwan president resigns as party leader after election loss

TAIPEI, Taiwan (AP) — Taiwan President Tsai Ing-wen resigned as head of the ruling Democratic Progressive Party following local election losses on Saturday in which voters chose the opposition Nationalist party in several major races across the self-ruled island. Concerns about threats from rival China, which claims Taiwan as its territory, took a backseat to … Read more

Apple has a huge problem at Foxconn’s iPhone factory in China

Apple has a huge problem at Foxconn's iPhone factory in China

hong kong CNN Business — A violent workers’ revolt at the world’s largest iPhone factory this week in central China is further scrambling Apple’s strained supply and highlighting how the country’s stringent zero-Covid policy is hurting global technology firms. The troubles started last month when workers left the factory campus in Zhengzhou, the capital of … Read more

China’s Urumqi to ease Covid lockdown amid public anger over deadly fire

China's Urumqi to ease Covid lockdown amid public anger over deadly fire

CNN — Chinese authorities said Saturday they would ease a months-long Covid lockdown in the country’s far western region of Xinjiang “in stages”, following protests over a deadly fire at an apartment building in the regional capital of Urumqi. At least 10 people were killed and nine injured when the fire broke out on Thursday, … Read more

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years;  US markets closed

Proposed G-7 price cap may not have any effect whatsoever on Russia, says Wood Mackenzie The Group of Seven (G7) nations’ proposed price cap for Russian oil of between $65 and $70 a barrel may not be a significant deterrent for Moscow, according to Wood Mackenzie. The planned cap is not expected to make a … Read more