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The Latest Breaking News from Asia

How China Cashed In on the Hormuz Crisis While the US and Iran Were Busy Fighting

The Strait of Hormuz crisis disrupted global markets, but China's strategic reserves and clean energy investments mitigated its impact, highlighting vulnerabilities in other Asian economies.

International Business Times UK

China is a clear winner from Trump’s war in Middle East, report concludes

Beijing, whose stockpiles and renewables industry allowed it to withstand energy shock, is now gaining from global solar and EV push

The Guardian - UK

Goldman Sachs Advises Investors To Stay With Asia's Market Winners And Add Commodities To Their Portfolios

Goldman Sachs advised lobal investors to move toward Asian equities and commodities as earnings momentum, geopolitical risk and infrastructure demand reshape asset allocation trends.

International Business Times

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Hormuz, Suez, Taiwan Strait: Why the world’s supply chains now need war-room planning

Global supply chains face unprecedented threats as maritime chokepoints become geopolitical battlegrounds. The US-Iran conflict highlighted how disruptions in vital waterways like the Strait of Hormuz and Bab el-Mandeb trigger widespread economic fallout, from soaring freight rates to increased inflation. Other critical routes, including the Suez, Taiwan, Malacca, and Panama…

The Times of India

WONTECH ASIA, THAILAND Korean aesthetics

Thailand’s medical aesthetics industry is attracting growing foreign investment as international companies seek to tap rising demand for non-surgical cosmetic treatments and use Thailand as a springboard into Southeast Asia.

Bangkok Post

Anthropic's export restrictions are fueling Asia's AI boom

The US move has allowed Asian firms to establish themselves in a market dominated by a handful of US companies.

The Economic Times

Iran war turns Asia toward diversifying energy supplies, undermining climate goals

Asian nations hit hard by the Iran war’s price shocks are rushing to diversify and strengthen their energy security, potentially undermining their commitments to curb climate change

The Independent UK

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US stocks may be headed for a sharp correction, warns Andrew Freris amid AI spending boom

Market strategist Andrew Freris warns Wall Street's rally is built on shaky ground, citing weak earnings and excessive AI enthusiasm. He advises caution on US equities, favoring select Asian markets like Japan, Singapore, Taiwan, and South Korea. Freris believes a US market correction is inevitable and could trigger a global…

The Economic Times

Asia's crude oil imports tick up in June but uncertainty reigns

Asia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipments. Despite a modest recovery, volumes are significantly down from pre-war levels, with the Strait of Hormuz's uncertain future and China's reduced buying adding to market volatility. Refined…

The Economic Times

Global Market: Financial firms shift Asia expansion focus to South Korea, take cautious stance on China and India

Global financial firms are increasingly prioritising South Korea for Asia-Pacific expansion while adopting a cautious approach towards China and India, an ASIFMA-KPMG survey found. Regulatory clarity, stable policies and capital market opportunities are driving investment decisions, as firms reassess regional strategies amid geopolitical risks and operational challenges.

The Economic Times

Global Market Today: Asian stocks climb on tech rally, Yen hits 40-year low

Asian stocks surged to their best quarterly gain in 17 years, mirroring Wall Street's tech-led rally. The Japanese yen hit a four-decade low against the dollar, sparking concerns about market intervention. Global equities are poised for a strong quarter, with investors now awaiting US-Iran talks and crucial US jobs data…

The Economic Times

Thailand among the best in Asia for business

Thailand has been ranked 27th in the world and 7th in Asia among the best countries for starting a business, aligning with the government's ongoing efforts to reform the country's economic structure and enhance its global competitiveness, according to deputy government spokeswoman Lalida Persvivatana, citing the US News & World…

Bangkok Post

The Steam Machine is overpriced yet it's sold out already in Japan — but be careful about buying a cheap clone

Be careful around apparently enticing Steam Machine copies from Asia, even if the real thing is selling out at its eye-watering MSRP.

TechRadar

Viral Nail Salon Fight Sparks Fresh Claims Black Boycott Is Hitting Asian-Owned Businesses Hard

A viral nail salon fight has reignited discussions about the Black boycott of Asian-owned businesses, following a controversial court verdict. The debate continues online, with opinions divided.

International Business Times UK

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The Guardian - UK

Trafficked, beaten and raped: raids reveal scale of abuse of women in Asia’s cyberscam centres

As tens of thousands are freed, female survivors are increasingly reporting gender-based violence in the compounds, previously thought to hold mainly men

The Economic Times

Global Market Today: Asian shares slip, oil pares climb

Global markets are showing cautious optimism as US and Iran reportedly step back from further conflict escalation, with talks scheduled in Qatar. While Asian shares dipped, US equity futures climbed. However, rising oil prices and lingering inflation concerns are keeping investors on edge, despite hopes for a lasting peace and…

The Economic Times

China, India see top firms lose market cap share in AI lag

Major stock markets in China, India, and Hong Kong are lagging in the global AI race, with top companies now holding a smaller market share. This contrasts with Taiwan and South Korea, where AI leaders have significantly boosted their benchmarks. While diversification can offer stability, the absence of dominant AI…

AAP

Africa's success lays bare Asia's World Cup flop

Only two Asian nations, Japan and Australia, made it through to the World Cup round of 32 in a disastrous tournament for the region.

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The Independent UK

Photos show Pride around the world: Monthlong celebration ends with iconic U.S. parades

Born out of the 1969 Stonewall uprising in New York, Pride Month has grown into a global celebration of LGBTQ+ communities, with marches and festivals taking place in cities across the Americas, Europe, Africa and Asia. The month reached its peak Sunday with landmark Pride parades in New York and…

The Economic Times

Asia's vendors grapple with rising costs of ever-present plastics

Rising plastic costs: Asian food vendors are struggling with soaring plastic costs, a direct consequence of the Middle East energy crisis. Despite a US-Iran deal, supply chain disruptions persist, particularly concerning the Strait of Hormuz. Vendors in Taipei and Bangkok report significant price hikes for essential items like bags and…

The Guardian - AU

Pro-One Nation Facebook groups appear to be run by foreign ‘meme factories’ that monetise content

Exclusive: Guardian analysis suggests several groups with thousands of members run by what expert calls ‘engagement farm’ operations in south-east Asia

Euronews

Von der Leyen to visit Azerbaijan and Armenia to build on EU engagement

The European Commission president will visit Baku and Yerevan to build on the EU’s strategic engagement with the South Caucasus and to strengthen energy cooperation, trade and regional connectivity for the EU economies.

The Conversation

Uzbekistan’s World Cup appearance is a moment of pride and shows off central Asia’s peaceful development

The expanded men’s World Cup in 2026 has given fans the chance to cheer on the exploits of first-time qualifiers, some of which many people might previously have struggled to locate on the map. Standout moments have already included Curaçao’s goal-keeping heroics in earning a draw against Ecuador and Cabo…

The Economic Times

After food poisoning scare, Toor targets elusive 22m mark following CWG qualification

Shot putter Tajinderpal Singh Toor has overcome food poisoning and injury setbacks to qualify for the 2026 Commonwealth Games with a 20. 72m throw. The Asian Games champion, who has shed 15kg, is now targeting the elusive 22-metre barrier and reclaiming the Asian record. Toor aims to inspire younger athletes…

The Economic Times

GIFT Nifty tumbles over 150 points as global sell-off in AI stocks rattles sentiment

GIFT Nifty signals a weak start for Indian markets after a sharp global sell-off led by declines in AI and semiconductor stocks across Asia. Profit booking, weak tech sentiment and mixed Wall Street cues weighed on markets, even as analysts maintain a positive near-term outlook for Nifty above key support…

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