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Category Asia News

KOSPI Falls 8%, Triggers Circuit Breakers, as Big Tech Selloff Hits Asia

KOSPI Falls 8%, Triggers Circuit Breakers, as Big Tech Selloff Hits Asia

In Brief KOSPI plunged over 4% as foreign investors dumped 2.18 trillion won in shares. Nikkei 225 snapped an eight-session winning streak, fallin...
Goldman Sachs Warns of Food-Supply Shock in Southeast Asia

Goldman Sachs Warns of Food-Supply Shock in Southeast Asia

In Brief Goldman Sachs warns Southeast Asia faces a food-supply shock from oil and El Niño. The bank sees regional food inflation rising 2.1 perce...
Nikkei and KOSPI Both Hit All-Time Highs as the Fed Rocks Wall Street

Nikkei and KOSPI Both Hit All-Time Highs as the Fed Rocks Wall Street

In Brief Nikkei crossed 71,000 and KOSPI hit a record as Asia defied Wall Street The Fed's hawkish dot plot signals a 2026 rate hike, sending yiel...
Kraken Buys Reap for $600 Million as Asia Stablecoin Race Heats Up

Kraken Buys Reap for $600 Million as Asia Stablecoin Race Heats Up

In Brief Kraken buys Reap to dominate Asia’s booming stablecoin payments and cross-border settlement market. Reap’s profitable infrastructure stre...
US Crackdown on Southeast Asian Scam Centers Nets $700 Million Crypto Seizure

US Crackdown on Southeast Asian Scam Centers Nets $700 Million Crypto Seizure

In Brief DOJ restrained over $700 million in crypto tied to Southeast Asian scam compounds. Chinese nationals Huang Xingshan and Jiang Wen Jie fac...