Trump tariffs on chips and drugs would hit U.S. allies in Asia
U.S. President Donald Trump plans to impose tariffs on imported computer chips, pharmaceuticals and steel, he said on Monday, to push companies to manufacture more in the United States.
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Asia shares are mixed after a US tech selloff as a Chinese rival joins the global AI frenzy
Asian shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy
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Asian stocks traded flat-to-lower on Tuesday, led by a sharp decline in Japanese markets as chipmaking stocks took a hit. Concerns emerged over DeepSeeks new AI model, which rivals advanced AI technologies like ChatGPT
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Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.
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Australia's inflation rose 0.2% in the December quarter and 2.4% annually, according to data released by the Australian Bureau of Statistics.
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Asian stock markets showed mixed results on Tuesday during the low-volume Lunar New Year trading. This followed a steep decline in tech <a target=_b
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Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, with most
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Among major stocks, SoftBank Group is down almost 6%. Automakers Honda and Toyota are seeing slight declines of 0.5% and 0.4%, respectively. In the tech sector, Advantest is down more than 9%, Tokyo Electron is losing over 5%, and Screen Holdings is down 3.5%.
Explainer-Trump tariffs on chips and drugs would hit U.S. allies in Asia
The comments mark the latest in a number of trade-related threats unleashed by Trump in recent days. Trump said he plans to impose tariffs on imported computer chips without providing details. Asia is the world's biggest chip manufacturing hub,