Japanese authorities have asked hundreds of residents near Tokyo to evacuate as a sinkhole at an intersection grew to more than 40 meters wide, hampering rescuers racing to reach an elderly truck driver whose vehicle was swallowed by the hole.
Asia-Pacific markets rise on Friday, tracked a rise in U.S. equities, as investors digested the latest batch of corporate earnings results. On Thursday, Trump reiterated plans to impose a 25% tariff on Canada and Mexico starting February 1 but did not set a firm date for China,
Japan is expected to report its first year-on-year increase in household spending in five months, a Reuters poll showed on Friday, although the rise appears to be marginal, indicating that consumers remain reluctant to loosen their purse strings.
The space between the two sinkholes collapsed early on Jan 30 morning and created one larger hole. Read more at straitstimes.com.
Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.
New US Secretary of Defence Pete Hegseth and his Japanese counterpart Gen Nakatani agreed in their first phone call Friday to continue efforts to strengthen the countries’ alliance, Tokyo said. Hegseth – a former infantryman and Fox News personality – was sworn in last weekend,
US military personnel are stationed in Japan, mostly in Okinawa, east of Taiwan. Read more at straitstimes.com.
Japanese Finance Minister Katsunobu Kato and U.S. Treasury secretary Scott Bessent will cooperate on issues including forex, Kato said on Wednesday, following a video conference call between the two officials.
Japan and Hong Kong stocks were set to open mixed Tuesday, with several Asia-Pacific markets closed for the Lunar New Year holiday. Japan's Nikkei 225 futures pointed to a lower open for the market. The futures contract in Chicago was at 39,150 and its counterpart in Osaka last traded at 39,050 compared to the index's previous close of 39,565.8.
Asian shares wavered on Friday, weighed down by the return of tech-heavy South Korean stocks from holidays, but relatively strong earnings from US tech giants kept risk sentiment intact while tariff threats pushed the dollar and gold prices higher.
Asia markets are mostly higher on Friday following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports.
Asian shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy.