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BUSINESSJul 20South Korea Kospi drops nearly 5 % as some AI stocks swoon , while oil keeps climbingThe South Korea Kospi index dropped significantly due to a decline in some AI stocks, while oil prices continued to rise. This reports on notable movements in international financial markets.news4jax.com · United States
BUSINESSJul 20MOEA defends Taiwan supply chain resiliency after Gelsinger warningTaiwan's Ministry of Economic Affairs (MOEA) has defended the resilience of its supply chain in response to a warning from Gelsinger. This indicates concerns about the stability of Taiwan's economic supply chains.taipeitimes.com · Taiwan
BUSINESSJul 20Cyberport launches Hong Kong first hub for one - person companiesCyberport has launched Hong Kong's first hub specifically designed for one-person companies. This initiative aims to support micro-businesses in the region.scmp.com · China
BUSINESSJul 20Japan Tourism Numbers Lowered due to TensionsJapan's tourism numbers have decreased, attributed to existing tensions. This decline impacts the nation's travel and hospitality sector.tourism-review.com · China
BUSINESSJul 20Asia markets rise as China support measures lift sentimentSeeking Alpha Tech
BUSINESSJul 20Cyberport launches Hong Kong’s first hub for one-person companies[The content of this article has been produced by our advertising partner.] Cyberport has launched the city’s first hub designed specifically for one-person companies (OPCs), offering entrepreneurs a combination of trust, compliance support and preferential access to essential services that are difficult to secure elsewhere. Announced on July 13 at the Web4.0 & Agentic AI Innovation Summit, the launch of the OPC Hub @ Cyberport addresses a critical gap for founders leveraging autonomous AI...South China Morning Post
BUSINESSJul 20'Give me my money back': South Korean traders' leveraged SK Hynix, Samsung bets unravel after selloffSouth Korean retail investors suffer heavy losses after Samsung and SK Hynix shares reverse sharply.CNBC
BUSINESSJul 20China holds loan prime rates steady as growth slows and yuan firms . 1 - year LPR at 3 . 0 %, 5 - year at 3 . 5 % China has maintained its loan prime rates despite slower economic growth and a strengthening yuan. This economic decision impacts the financial stability and monetary policy of the country.investinglive.com
BUSINESSJul 20Is Hong Kong doing enough to lose its top spot for expensive housing?Hong Kong has come out on top again, but not in a good way. After earning the distinction of having the highest petrol prices in the world, we have again been named the world’s priciest residential property market in the “Mapping the World’s Prices” report released by Deutsche Bank. We managed to keep our top spot despite a 10 per cent drop in property prices from pre-pandemic levels. Naturally, this is not something Chief Executive John Lee Ka-chiu will be blowing his horn about. Generations of...South China Morning Post
BUSINESSJul 20China EV Transition Faces a Lithium Bottleneck First and a Cobalt Squeeze NextChina's transition to electric vehicles (EVs) is projected to face initial challenges from a lithium bottleneck, followed by a cobalt supply squeeze. This highlights potential resource constraints for the growing EV industry.azom.com · United States
BUSINESSJul 20Beggar’s banquet: South Korea’s young consumers turn extreme budgeting into a gameFor South Korea’s young budget-conscious consumers, finding a meal for less than 8,000 won (US$5.40) – at a time when a typical meal out in major cities can easily cost 12,000 won or more – has become more than a money-saving exercise. Crowdsourced platform Geoji Map has turned the search for ultra-cheap meals into a viral online activity. Its name, which literally translates as “Beggar Map”, reflects a broader Korean slang trend of using “beggar” humour to describe surviving on a tight...South China Morning Post
BUSINESSJul 19Railway official: India chose to have its own bullet train as Japan could not have delivered E10 before 2034Indian Express
BUSINESSJul 19China Growth Target Masks Deepening Economic Imbalances as Investment and Consumer Demand FalterChina's growth targets are reportedly obscuring worsening economic imbalances, with investment and consumer demand weakening. This suggests potential challenges for the Chinese economy despite official growth figures.theepochtimes.com · United States
BUSINESSJul 19Markets today : Wall Street hit by AI slump as China Moonshot shakes marketsWall Street markets experienced a slump, specifically attributed to artificial intelligence stocks, while a 'China Moonshot' initiative also influenced market performance. This describes current market trends and their driving factors.theage.com.au · Australia
BUSINESSJul 19Chinese state - owned capital operation firms announce share purchase plans amid confidence in China capital market - XinhuaChinese state-owned capital operation firms have announced plans to purchase shares, indicating confidence in the country's capital market. This action suggests a strategic move to stabilize or boost market sentiment.english.news.cn
BUSINESSJul 19Think tank urges Indonesia to accelerate downstream pushA think tank is advising Indonesia to expedite its efforts in downstream industrial development. This highlights a strategic economic recommendation aimed at boosting the nation's industrial capacity.en.antaranews.com · Indonesia
BUSINESSJul 19Apple raises iPhone prices in Japan by as much as 11% amid weak yenSeeking Alpha Tech
BUSINESSJul 19China firm seeks damages over state control of British SteelA Chinese firm is seeking damages concerning the state's control of British Steel. This indicates an international corporate dispute related to governmental economic intervention.dw.com · Germany
BUSINESSJul 19China firm seeks damages over state control of British SteelThe UK government took over British Steel last year to prevent the closure of the country's last primary steelmaking facility. China's Jingye Group, which bought the firm in 2020, claims it is owed compensation.DW News [en]
BUSINESSJul 19Ministry pushes Indonesia as hub for global creative collaborationA ministry is promoting Indonesia as a central location for international creative collaboration. This initiative aims to boost the country's creative industries and global partnerships.en.antaranews.com · Indonesia
BUSINESSJul 19Musk son’s viral tiger-head bag shines light on China’s US$14.8b heritage e-commerceSales of intangible heritage products are on the rise, highlighted by the online frenzy sparked by Elon Musk’s six-year-old son Little X wearing a Chinese-style silk jacket and carrying a tiger-head bag in May, when they accompanied US President Donald Trump on a state visit to Beijing. The surge is part of a wider boom, with industry data showing intangible cultural heritage and traditional handicraft goods had reached an annual transaction value of 100 billion yuan (US$14.8 billion) across...South China Morning Post
BUSINESSJul 19Global tourism push promotes Hong Kong as city to be ‘felt’ not just seenHong Kong is seeking to promote itself as a city that visitors “feel” rather than merely see under a new global tourism campaign highlighting experiences ranging from mahjong games and tram rides to hidden beaches and Kai Tak Stadium. Tourism Board executive director Anthony Lau Chun-hon told the South China Morning Post on Sunday that the “Only in Hong Kong” campaign aimed to redefine how travellers experienced the city and distinguish it from other destinations. “Moving beyond a place to see,...South China Morning Post
BUSINESSJul 19Singapore weighs hedge fund tax cuts to rival Hong KongCity-state frets over portfolio managers relocating to Chinese territoryFinancial Times
BUSINESSJul 19Wealthy European clients eye Hong Kong for family offices, says BNP ParibasBNP Paribas, France’s largest lender and the second-largest in Europe, has found that an increasing number of wealthy European clients are seeking to establish family offices in Hong Kong to capitalise on growing opportunities in the region, according to a banker from the lender. A growing number of wealthy mainland clients were also looking to invest in Europe, said Lemuel Lee, head of wealth management for BNP Paribas in Hong Kong. “The two-way capital flow between Europe and mainland China is...South China Morning Post