China criticized the US for seeing it as a threat after Commerce Secretary Gina Raimondo defended efforts to deprive the Asian nation of cutting-edge semiconductors, underscoring the fragility of recently stabilized ties.
Eastspring Investments and Barings LLC have been cutting jobs at their China hedge fund operations, highlighting the challenges global asset managers face in gaining a foothold in the 6 trillion yuan ($840 billion) local market.
Inflation in Tokyo cooled to the slowest pace in over a year, a development that supports the Bank of Japan’s view that price pressures are weakening for now and its continued caution over a tightening of policy.
Asian stocks fell Tuesday, following losses on Wall Street amid concerns that aggressive bets on the Federal Reserve unwinding monetary tightening may be over-optimistic.
South Korea’s consumer inflation cooled more than expected in November, offering central bank authorities latitude to moderate their hawkish policy tilt going into next year.
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