Posts by Yurie Miyazawa
Singapore, Asia-Pacific markets fall after US strikes on Iran; oil prices surge, dollar strengthens
[SINGAPORE] Asia-Pacific markets declined in early trade on Monday (Jun 23) morning, as oil prices surged and the greenback reacted, after the US launched strikes against three nuclear facilities in Iran over the weekend. Singapore shares opened Monday lower, with the Straits Times Index (STI) down 0.9 per cent or 35.64 points at 3,847.79 as…
Read MoreHonda supplier rethinks China relationship as trade war bites
[TOKYO] As the US-China trade war expands into the auto, steel and rare earths sectors, few companies are feeling the pressure more than top Japanese car parts supplier Daido Steel. The supplier to Honda Motor and other major marques is facing a trio of headwinds: a 50 per cent tariff on US imports of steel,…
Read MoreCybersecurity firm Trend Micro bets on AI to offset US tariff woes
[SINGAPORE] The Trump administration’s policies have cast a shadow over Japanese cybersecurity firm Trend Micro, contributing to a slowdown in its first-quarter revenue, but the company believes that artificial intelligence (AI) offers longer-term promise that could more than make up for the current troubles. “Even though everybody is pulling back their spending, nobody has stopped…
Read MoreShipping on high alert in Middle East after US strikes on Iran
[ATHENS] The shipping industry was placed on high alert on Sunday (Jun 22) with warnings that Tehran could retaliate against commercial vessels following US airstrikes against Iran’s nuclear facilities. Greece, home to more oil-tanker capacity than any other nation, cautioned its ship owners to think again if they are considering entering the Persian Gulf in…
Read MoreCentral banks in Asia are becoming wary of currency intervention
Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market. The central banks of India and Malaysia have reduced the size of some derivatives positions they use to weaken their currencies. Taiwan has allowed its currency to surge against the US dollar in recent weeks and dropped…
Read MoreUS investors, Asia’s ultra-rich drive growth in Asia-Pacific private credit
[SINGAPORE] A slight uptick in private-credit fundraising in Asia-Pacific (Apac) last year has given market players optimism for a positive 2025, even as investors continue to avoid China. They said deals in India and Australia can fill the gap, while more investors within and outside Apac are allocating capital to private credit in the region. And…
Read MoreTesla to build first grid-scale power plant in China
Published Sun, Jun 22, 2025 · 11:00 AM [NEW YORK] Tesla announced on Friday (Jun 20) that it signed an agreement to build its first grid-scale energy storage power station project in mainland China. The project will help with the flexible adjustment of grid resources, and “effectively solve pressures relating to urban power supply”, Tesla…
Read MoreCircle gets buy rating after Senate passes stablecoin bill
The company behind USDC has seen its shares rise more than 600% since they started trading earlier this month Published Sun, Jun 22, 2025 · 10:00 AM [NEW YORK] Circle Internet Group’s shares jumped 20 per cent on Friday (Jun 20) after Seaport Global gave the stablecoin issuer its first buy rating in the wake…
Read MoreOil prices settle lower as US sanctions ease fears of escalation in Iran
[HOUSTON] Oil prices settled down on Friday (Jun 20) as the US imposed new Iran-related sanctions, marking a diplomatic approach that fed hopes of a negotiated agreement, a day after US President Donald Trump said he might take two weeks to decide US involvement in the Israel-Iran conflict. Brent crude futures settled down US$1.84, or…
Read MoreSingapore shares end Friday in the red amid mixed regional showing; STI down 0.3%
[SINGAPORE] Local stocks ended lower on Friday (Jun 20), amid a mixed regional performance and growing concerns over a possible US military strike on Iran. The benchmark Straits Times Index (STI) fell 0.3 per cent or 10.75 points to 3,883.43. Across the broader market, advancers beat decliners 253 to 203, with 1.3 billion securities worth…
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