China · Business
Same event, multiple sources, transparently cited.
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Maersk raises 2026 earnings forecast citing strong container demand and US tariff surge
Maersk raised its 2026 full-year EBITDA guidance to $8-10 billion, driven by accelerated shipments from China to the US ahead of new tariffs.
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Taiwan raids Super Micro, affiliates in probe of illegal Nvidia AI chip exports to China
Taiwanese authorities raided Super Micro and affiliates on June 29 in an expanded smuggling probe involving Nvidia AI chips sent to China.
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Apple supplier Luxshare seeks up to HK$24.3 billion in Hong Kong listing
Luxshare Precision Industry aims to raise up to HK$24.3 billion through a Hong Kong share sale starting in early July.
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EU and China agree to continue talks to address growing trade imbalance
The EU and China held talks June 29, agreeing to maintain dialogue and set working groups to tackle rising trade tensions.
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China's Factory Activity Expands in June Fueled by AI-Driven Exports
China's manufacturing PMI rose to 50.3 in June 2026 as AI-linked exports boosted factory growth after months of stagnation.
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Japanese yen falls to 40-year low against US dollar despite Bank of Japan rate hike
The Japanese yen dropped to its weakest level since 1986, hitting around 162 yen per US dollar in late June and early July 2026 amid persistent depreciation pressures.
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Global tech and semiconductor stocks see sharp volatility amid geopolitical tensions and earnings reports
Asian and US tech markets experienced heavy swings from late June to early July, driven by Apple price hikes, earnings, and geopolitical factors.
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EU and China launch trade talks with October deadline for progress
EU and China began talks on June 29 in Brussels to establish a new trade consultation mechanism aiming for results by October.
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New World Development and Ares Management slash Hong Kong office tower prices by up to 57%
New World Development and Ares Management cut prices on units at 83 Wing Hong Street office tower in Cheung Sha Wan by up to 57%.
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China and India’s top firms lose market cap share amid AI lag, Asia markets diverge
China and India’s top 10 companies’ market cap share fell over the past year as AI-led rivals in Taiwan and South Korea surged.
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Chinese autonomous driving firm Momenta launches HK IPO to raise HK$5.89 billion
Momenta Global, Chinese autonomous driving company, launched its Hong Kong IPO on June 29 aiming to raise HK$5.89 billion.
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Japan’s retail sales rise 1.9% in May for third straight month
Japan’s retail sales increased 1.9% month-on-month and 5.3% year-on-year in May 2026, marking the third consecutive monthly gain.
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China's Industrial Profits Rise 21.1% in May 2026, Slowing From April Peak
China's industrial profits grew 21.1% year-on-year in May 2026, slowing from 24.7% in April but remaining strong amid uneven sector performance.
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Investor Jeremy Grantham predicts bitcoin will slowly fade as price falls below $60,000
Jeremy Grantham said bitcoin is a speculative asset with no practical use and forecast a gradual decline over decades as its price falls sharply.
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Mercedes-Benz and GIC to back Chinese autonomous driving firm Momenta’s Hong Kong IPO
Chinese autonomous driving startup Momenta plans a Hong Kong IPO backed by Mercedes-Benz and Singapore's GIC.
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Major Chinese Banks Suspend Retail Gold Trading Services Amid Volatility
Several Chinese banks halted retail precious metals trading amid sharp gold price swings in June 2026.
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Bitcoin Falls Below $60,000, Hits Lowest Since October 2024 Amid Bear Market
Bitcoin dropped below $60,000 on June 25, 2026, hitting $59,023, the lowest since October 2024, amid an eight-month bear market and ETF outflows.
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China's securities regulator orders halt on new foreign exposure via total return swaps
China’s CSRC directed brokers to stop offering new foreign exposure through total return swaps starting this week to curb outbound investment risks.
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Hong Kong Home Prices Rise for 12th Month, Longest Streak Since 2018
Hong Kong's private home prices increased for a 12th consecutive month in May 2026, driven by mainland buyers and low mortgage rates.
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Asian stock markets fall sharply on June 26 amid tech sell-off over AI concerns
Asian stock markets dropped steeply June 26, driven by technology stock sell-offs linked to AI-related valuation and cost worries.
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AI Demand Drives Memory Chip Shortage and Consumer Electronics Price Surge
Rising AI data center memory needs have sparked chip shortages and price hikes in consumer electronics worldwide.
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China’s top state banks cited for tax evasion and improper loans in audit report
National Audit Office found Bank of China evaded billions in taxes and Agricultural Bank issued improper farmland loans.
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South Korea to expand semiconductor clusters as AI chip demand surges
South Korea plans new semiconductor clusters and accelerated builds by Samsung and SK Hynix amid strong AI chip demand.
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ECB Officials Signal Possible Further Rate Hikes Amid Persistent Inflation
European Central Bank officials say further interest rate hikes may be needed to control inflation above target through 2027.