Global tech stocks lose $830 billion amid AI disruption fears

A relentless sell-off in technology stocks showed no signs of easing Wednesday as investors dumped software company shares over growing concerns that artificial intelligence will upend their business models. Sparked by Anthropic's launch of Claude Cowork AI plugins on January 30, the rout has now......

Tokyo welcomes first permanent Pokémon theme park

The Pokémon universe, created in 1996, has expanded into movies, an animated series, and the globally popular mobile game "Pokémon Go." Riding on Japan's record tourist influx and strong local fan interest, the first permanent Pokémon theme park opened in Tokyo on Thursday,......

Asian markets mixed as gold and oil rebound amid geopolitical tensions

Asian stock markets showed mixed results on Wednesday as investors processed a fresh pullback in U.S. technology stocks. Demand for safe-haven assets lifted gold prices, while escalating geopolitical strains boosted oil. Japan's Nikkei 225 index fell back after a strong gain the previous day. Analysts......

Gold and silver prices plunge after Warsh's Fed nomination

A massive sell-off swept global commodity markets on February 2, 2026, hammering gold, silver, oil, and industrial metals as investors reacted to President Donald Trump's nomination of Kevin Warsh as the next Federal Reserve chair. The rout rippled through stock markets worldwide, with Asian exchanges......

Asian markets soar on RBA rate hike and US-India trade deal

Asian stock markets surged Tuesday as investors welcomed two key developments boosting economic outlooks: Australia's central bank raising interest rates for the first time in two years and a fresh US-India trade agreement. Japan's Nikkei 225 jumped over 3%, hitting record highs. South Korea's......

Japan extracts rare earths at record ocean depth

Japan announced Monday it has successfully retrieved sediment rich in rare earth elements from 6,000 meters under the Pacific Ocean, achieving the world's first extraction of these strategic minerals at such extreme depths. The breakthrough comes as Tokyo aims to cut heavy reliance on Chinese imports......

China leads world's largest foreign currency reserve holders

China holds the top position among nations with the largest foreign exchange reserves, according to recent data from global financial rankings. The country boasts reserves exceeding $3 trillion, a figure that significantly outpaces its closest competitors and underscores its economic dominance on the......

Gold surpasses $5,000 for the first time amid dollar weakness

Gold prices shattered the $5,000 barrier for the first time on Monday, soaring to a record high above $5,100 per ounce as investors flocked to safe-haven assets. This surge unfolded against a backdrop of a weakening US dollar and mounting speculation about a potential joint intervention by the United......

US dollar hits four-month low amid political turmoil flight

The U.S. dollar index plunged to 97, its lowest in four months, on Monday as speculation mounted over potential joint U.S.-Japanese currency intervention and investors shed dollar-denominated assets amid lingering uncertainty from the Trump administration. The greenback's drop extended a rough week,......

China sets yuan below 7 per dollar for first time since 2023

Asian currencies showed mixed performance on January 23 as the dollar headed for its sharpest weekly drop in months, with gains in China's yuan and Malaysia's ringgit offsetting fresh record lows for India's and Indonesia's rupees. The dollar index hovered near 98.3 and faced a roughly......

US Treasury yields hit four-month highs amid Japanese bond rout

US Treasury yields surged to their highest levels in over four months on Tuesday, triggered by a dramatic sell-off in Japan's bond market that rippled through global financial markets. This spike unfolded against rising Japanese budget concerns and fresh US-Europe trade tensions. The benchmark 10-year......

Japan warns of intervention as yen nears 160 per dollar

Japan's government ramped up warnings to currency traders on Wednesday as the yen weakened to its lowest level against the dollar in about 18 months, edging closer to the critical 160 threshold that previously prompted Tokyo to step into markets. Finance Minister Satsuki Katayama stated authorities......

Australia unveils $1.2 billion critical minerals stockpile to counter China

Australia's Finance Minister Jim Chalmers departed for Washington DC on Sunday to join finance leaders from major global economies in talks on securing critical minerals supply chains. The Albanese government simultaneously disclosed fresh details about its $1.2 billion strategic reserve, designed......

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