Asia

Ericsson Shares Jump 8% After Strong Quarter as AI Boom Pushes Up Component Costs

The new Ericsson CEO got off to a strong start. The share price is up 8-9 percent after a stronger-than-expected quarterly report. But the AI boom is driving up costs. “There is tremendous growth in AI, and that means the price of components such as memory has gone up tremendously,” says Per Narvinger.

South Korean Stocks Plunge 7.5% as Asian Markets Slide on Rate and AI Debt Fears

Asian stock markets, especially South Korea’s, are falling sharply. Concerns about interest rate hikes and AI companies’ debt are among the factors behind the declines.

South Korea’s Kospi rebounds 1.8% after two days of sharp losses, Asian markets mixed

South Korea's Kospi is turning higher after a shaky start to the trading week. Meanwhile, several Asian stock markets are hovering around zero.

Broadcom CEO Warns AI Investors Don’t Know What They’re Betting On, Compares Them to Casino Players

Asian stock markets, including South Korea’s, are falling sharply amid renewed concerns about an AI bubble. Broadcom CEO Hock Tan compares investors to casino players.

Volkswagen Sales Fall 9% in First Three Quarters, Driven by Weakness in China

Asian stocks open the week mixed as oil prices fall on reported Russia-Ukraine energy ceasefire

Leading Asian indices are off to a mixed start to the trading week, while oil prices are falling after President Donald Trump claimed there was a ceasefire on energy facilities between Russia and Ukraine.

Penguins Vaccinated as Bird Flu and Extreme Heat Threaten Australian Wildlife This Summer

Australia has become the last continent to report its first cases of H5N1 bird flu. The virus is spreading rapidly, and the extreme weather expected this summer could, in the worst-case scenario, create the perfect storm for the mass death of thousands of birds and other animals. “The worst, devastating scenario would be that we lose entire species,” says Darren Grover, a biodiversity expert at the World Wildlife Fund (WWF).

All 54 African Football Associations Back Infantino’s Bid for Another Term as FIFA President

All 54 member countries of the Confederation of African Football (CAF) support Gianni Infantino’s bid for a new four-year term as president of FIFA.

Asian markets end week mostly lower, with Hong Kong’s Hang Seng up 1.1%

Stock markets in Asia ended the trading week mostly lower. However, Hong Kong’s Hang Seng rose 1.1 percent, bucking the trend.

Philippines Raises Alarm Over Increased Chinese Naval Presence in Disputed South China Sea Waters

The Philippines is raising the alarm that China is advancing its positions in the disputed waters of the southern South China Sea.

Wild vertebrate populations have declined by 73% in 52 years, WWF report finds

Populations of wild vertebrates have declined by an average of 73 percent in just over 50 years, according to a new report from WWF. This is a serious trend, but one that can be reversed, the organization says.

Asian stocks fall as markets follow Wall Street lower in early trading

Major Asian stock markets followed Wall Street lower in early trading on Thursday.

Stockholm Stocks Fall 1.6% as Rising US Bond Yields Weigh on Markets

The Stockholm Stock Exchange followed a global downward trend on Wednesday. The broad OMXS index closed down 1.6 percent.

Asian stocks fall as rising oil prices fuel market concerns

Declines dominate trading on Asian stock exchanges early Wednesday after oil prices rose.

Asian Markets Mostly Rise in Tuesday Trading, With Japan and Hong Kong Up

Stock markets in Asia are mostly up, with some markets open for trading while others are closed.

Phillip Island penguins get bird flu vaccines as Australia braces for extreme summer conditions

Australia has become the last continent to report its first cases of H5N1 bird flu. The virus is spreading rapidly, and the expected extreme weather this summer could, in the worst-case scenario, create a perfect storm that kills thousands of birds and other animals. “The worst, most devastating scenario would be that we lose entire species,” says Darren Grover, a biodiversity expert at the World Wildlife Fund (WWF).

Russian plague researcher dies of unknown infection as pneumonic plague is suspected

A laboratory worker who researched plague in Siberia has died of an “unknown infection.” According to reports, it may be pneumonic plague, which can spread between people but requires close contact, says Klara Sondén at the Swedish Public Health Agency.

Stock market opens lower as interest rate fears weigh on sentiment

Rising market interest rates are hitting investors' risk appetite. The Stockholm Stock Exchange OMXS index opened down 0.3 percent - in line with leading European exchanges. The krona is also losing value.

Asian stock markets rise as Japan’s Nikkei jumps 2.4%

Stock markets in Asia that are open are rising.

Mostly bearish day on Asian stock markets, Japan's Nikkei climbs 1.3 percent

It's a mostly bearish trading day on Asian stock markets, with Japan's Nikkei 225 index climbing 1.3 percent in early trading on Wednesday.

Asian stock markets fall on Tuesday as Japan’s Topix drops 1.5% to lead losses

There is a gloomy mood among the leading indices in Asia during Tuesday's opening trading session.

Saudi Arabia resumes oil exports through main pipeline after drone attacks

Saudi Arabia has resumed oil exports through the main pipeline in the country, which was damaged in drone attacks earlier in September, Bloomberg reports, citing a source.