Shares of Japanese game maker Nintendo Co. plunged the most in seven months, with some investors attributing the drop to global funds pulling out from some of the best performers amid jittery markets.
Japanese investors expect the nation’s benchmark 10-year government bond yield to climb as high as 2% this year in a move that looks likely to relegate China’s sovereign debt to the lowest yielding of major markets.
Chinese tech megacaps are leaving their once-unbeatable US peers in the dust as DeepSeek spurs demand for the Asian nation’s stocks, an outperformance that many investors say has room to extend.
The worst may be over for traders grappling with tight cash conditions in China’s banking system, as the yuan’s rebound and Beijing’s ambitious growth target pave the way for a liquidity boost from the central bank.
South Korea’s Acting President Choi Sang-mok ordered the authorities to prepare measures to streamline regulations on foreign-exchange flows as overseas investment grows, in the latest effort to reform a currency market crucial to the nation’s economic stability.
Canada’s convenience store and gas station operator Alimentation Couche-Tard Inc. says it has held “exploratory discussions” with buyers for any US stores that would need to be divested to secure regulatory approval for a potential takeover of Japanese rival Seven & i Holdings Co.
President Donald Trump on Thursday announced a new policy requiring US Justice Department attorneys to “demand” in court that challengers suing the administration should post money bonds if they win orders blocking his actions.
With more than 8,000 family offices globally managing an estimated $3.1 trillion in assets, it’s set to rival the hedge fund industry in size. Major financial hubs -- from London to Dubai, Hong Kong to Singapore -- are actively competing to capture a slice of this booming market.
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg.
Applications for unemployment benefits filed by federal employees remained at an elevated level for a second week as the Trump administration moves to dramatically shrink the size of the federal government.
JPMorgan Chase & Co. has hired William Kallop from William Blair & Co. for its mergers and acquisitions group focused on private equity firms and sovereign wealth funds.
British Columbia will introduce legislation letting it charge tolls on commercial vehicles heading to Alaska in retaliation against President Donald Trump’s tariffs.
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