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The Latest Breaking News from Asia

Stocks drop as US-Iran talks stall and AI rally cools

Asian and European share markets have fallen as hopes dimmed for a US-Iran peace deal and an AI-driven sell-off continued for a second day.

AAP

Global Market Today: Asian stocks slip as AI rally stalls, oil steadies

Asian stocks declined as AI shares pulled back and Middle East tensions weighed on investor sentiment. South Korean shares saw a significant drop, impacting the broader MSCI Asia Pacific Index. Meanwhile, oil prices steadied, and gold held its gains as traders awaited key US jobs data.

The Economic Times

A dangerous call to arms for Asean

US Defense Secretary Pete Hegseth's demand at the recent Shangri-La Dialogue in Singapore for Asian allies and partners to spend 3.5% of GDP on defence sounded alarm bells across Southeast Asia and beyond. His brow-beating call to arms will likely lead to a regional defence build-up not seen in decades.…

Bangkok Post

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FTSE 100 up despite Asia-focused financials falls

The FTSE 100 closed up 28.02 points, 0.3%, at 10,360.32.

Evening Standard

Tishman Speyer Secures $300 Million First Close for Korea Living Venture with APG and Bouwinvest

NEW YORK, June 4, 2026 /PRNewswire/ -- Tishman Speyer today announced the first closing of its Korea Living Venture (KLV), securing $300 million in third-party equity commitments from two blue chip European pension funds for a new fund dedicated to acquiring, repositioning, and developing multifamily and accommodation properties throughout Seoul.…

AAP

Asia turns to U.S. oil and gas amid Iran war: 'We get too much into that tree-hugging mode'

Singapore looks to U.S. supplies as it builds out its natural gas importing infrastructure.

Fortune

TikTok Billionaire Zhang Yiming's Net Worth Soars Past Mukesh Ambani's — See Who Still Leads Asia

Zhang Yiming, co-founder of TikTok's parent ByteDance, becomes Asia's second-richest after a valuation boost to £69.1B. See how AI and strategic investments reshaped wealth rankings.

International Business Times UK

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MSA Asia expands Employer of Record services across Vietnam, Malaysia and Thailand

SHANGHAI, June 4, 2026 /PRNewswire/ -- MSA Asia, a specialist in cross-border company incorporation, accounting and tax advisory across the Asia-Pacific, today announced the expansion of its Employer of Record (EOR) services across Vietnam, Malaysia and Thailand. This new offering complements its existing market entry solutions in those locations. For...

AAP

European shares climb and Asian shares retreat after US stocks pause their record-breaking rally

World shares are mixed after declines on Wall Street that snapped a nine-day winning streak for the S&P 500

AAP

Dry weather disrupting Asian agriculture

Planting delayed in in India, Southeast Asia and Australia as powerful El Nino takes shape

Bangkok Post

Europe's tech 'liberation day'? Computer says not yet

The EU plan aims to boost European tech firms and limit some access for dominant U.S. rivals. It marks a key but initial step, with the bloc trailing far behind the U.S. and Asia on AI, chips, cloud services and data centres.

The Economic Times

Australia to host Asia-Pacific's biggest data centre

Bitcoin miner turned AI data centre company IREN Limited has announced it will build a massive 800 megawatt hub, supporting hundreds of jobs in one state.

AAP

SKAI Intelligence Partners with Korea's Leading AI Institute to Advance Synthetic Data and Physical AI Research

SEOUL, South Korea, June 4, 2026 /PRNewswire/ -- SKAI Intelligence, a Physical AI company specializing in digital twins and industrial-grade synthetic data, today announced the signing of a memorandum of understanding (MOU) with the Seoul National University AI Institute (AIIS), one of Asia's leading artificial intelligence research organizations, to jointly…

AAP

Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back

Asian shares have retreated following declines on Wall Street that snapped a nine-day winning streak for the S&P 500

AAP

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AAP

Agoda Highlights the Rise of the Perpetual Traveler and Other Travel Behaviors Creating New Opportunities for Hotels

SINGAPORE, June 4, 2026 /PRNewswire/ -- Digital travel platform Agoda highlights that the combination of a rising middle class and changing travel habits across Asia is creating new revenue opportunities for the travel and hospitality industry, among other trends. Drawing on recent industry indicators and search trends, Agoda sees the…

The Economic Times

TIIF to shape a new investment architecture for Central Asia

Tashkent will host a major investment forum from June 16-19. This event aims to establish Central Asia as a new hub for economic growth. The forum brings together global investors and business leaders. It focuses on shaping the region's investment agenda. Uzbekistan is solidifying its role as a key investment…

The Economic Times

Global Market Today: Asian stocks drop after Broadcom outlook, oil dips

Asian markets and US futures declined. Broadcom's weak forecast impacted investor sentiment. Renewed US-Iran clashes also weighed on markets. However, a ceasefire between Israel and Lebanon brought some relief. Brent crude prices saw a slight dip following this development. Investors are closely watching geopolitical events.

Euronews

Kyrgyzstan elected to UN Security Council for first time in its history

Kyrgyzstan was elected to the UN Security Council as a non-permanent member for 2027-2028, marking a rare win for Central Asia.

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The Economic Times

Collapse is near: Trump's window to resolve Iran crisis closing fast

West Asia tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil supplies. Economists warn of a significant economic shock if a US-Iran agreement remains elusive. This conflict threatens jobs and economic growth worldwide, particularly in Europe and Asia. The world…

The Economic Times

ADB, StanChart ink partnership to support Indian firms across supply chains

The Asian Development Bank and Standard Chartered Bank have partnered to boost supply chain finance in India. Agreements include risk-sharing for USD transactions via GIFT City and a guarantee facility for rupee transactions, aiming to expand access for businesses and enhance trade flows.

AAP

CKGSB Opens Applications for Asia Start Program in November 2026 after a Successful May Edition

BEIJING, June 3, 2026 /PRNewswire/ -- Cheung Kong Graduate School of Business (CKGSB) successfully completes its May edition of the Asia Start Program. The May cohort brought together a diverse group of 25 senior executives from 19 countries across Europe, Australia, Asia, and the Americas, representing industries ranging from technology…

The Economic Times

Asia's industrial supercycle is outpacing the West Asia oil shock: Chetan Ahya, Morgan Stanley

A China-driven supply realignment, cutting gas imports by 45% and oil by 30%, has effectively added 7.5 million barrels daily to global markets, neutralising energy price fears. Morgan Stanley's Chetan Ahya argues a broad-based capex boom across AI, energy, defence, and industrial sectors is powering Asian growth, while urging India…

The Economic Times

China out, India in? The Japanese begin a quiet but powerful pivot

Japanese banks are increasingly shifting their Asia strategy from China to India and Southeast Asia as slowing growth, rising costs and geopolitical risks reduce China's appeal. Over the past five years, Japanese regional banks have cut their branch presence in China by about 20%, while lending by Japan's three megabanks…

The Economic Times

TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest person

Zhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index. The ByteDance cofounder’s fortune swelled more than sevenfold since Bloomberg started tracking his wealth in March 2019, when he was worth $13 billion.

The Economic Times

OECD warns prolonged Middle East war could sharply slow global growth

The global economy faces uncertainty due to the Middle East conflict. The OECD warns of recession and rising inflation if the war continues into next year. A prolonged conflict could significantly slow global growth. Asian nations heavily reliant on Middle East energy supplies are expected to face the biggest impact.…

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