Investing.com-- Asian stock tumbled on Wednesday after temporary relief in the previous season, as U.S. President Donald Trump escalated global trade tensions by increasing tariffs on China to a whopping 104%.Japan and Hong Kong stocks led the declines, while other indexes also fell, with South Korea’s KOSPI on track to enter bear market territory.For the day, investors await the Reserve Bank of ...
By Phuong Nguyen, Francesco Guarascio and David LawderHANOI/WASHINGTON (Reuters) -Vietnam’s Deputy Prime Minister is set to talk on Wednesday with U.S. Treasury Secretary Scott Bessent and plans also to meet Boeing (NYSE:BA), SpaceX and Apple (NASDAQ:AAPL) executives this week, according to an internal schedule seen by Reuters. The export-reliant Southeast Asian nation is scrambling to persuade ...
SHANGHAI/SINGAPORE (Reuters) - Top Chinese brokerages have pledged to help steady domestic share prices in a concerted effort, the Shanghai bourse said, and scores of listed companies unveiled stock buying plans, as the local market reels from an escalating trade war.The Shanghai Stock Exchange said late on Tuesday it held a meeting with 10 brokerages to stress the importance of stabilising market ...
(Reuters) -President Donald Trump on Tuesday said he told the Taiwan Semiconductor Manufacturing Company, which has pledged to build new factories in the United States, it would pay a tax of up to 100% if it did not build its plants in the country.Speaking at a Republican National Congressional Committee event, Trump criticized former President Joe Biden’s administration for providing a $6.6 bil ...