Nikkei and KOSPI hit records as AI rally boosts markets

Asian equity markets surged to new highs as strong demand for artificial intelligence technologies and easing geopolitical tensions lifted investor sentiment. Japan’s Nikkei 225 closed at a record level, while South Korea’s KOSPI broke above 6,400 points for the first time, driven by gains in semiconductor and technology stocks. The......

Asian crude imports fall as hormuz disruption nears eighth week

Crude imports across Asia are declining as the closure of the Strait of Hormuz approaches its eighth week, exposing the limits of alternative supply routes. Major importers including China, India, South Korea and Japan are struggling to replace Middle Eastern crude that previously moved through the corridor, which typically carries around......

Japan lifts postwar ban on lethal weapons exports

Japan has approved a sweeping reform of its defense export rules, ending decades-old restrictions that limited overseas sales to non-combat equipment. The decision, adopted by the cabinet under Prime Minister Sanae Takaichi, allows Japanese manufacturers to sell lethal weapons abroad for the first time since the end of World War II. The shift......

Tank explosion kills three soldiers during military exercise in Japan

An accident during a military drill in Japan has left three soldiers dead after a tank explosion at a training site in the southwestern part of the country. The incident occurred during routine exercises conducted by the nation’s Self-Defense Forces, highlighting the inherent risks faced even in non-combat operations. According to initial......

China rare earth exports to Japan hit nine month low

China’s exports of rare earth magnets and materials to Japan dropped sharply in March, reaching their lowest level in nine months and underscoring growing strain in a critical global supply chain. The decline follows export restrictions imposed by Beijing earlier this year amid escalating diplomatic tensions linked to Taiwan, disrupting......

Major 7.5-magnitude earthquake strikes off Japan, tsunami warning issued

A powerful earthquake with a magnitude of 7.5 struck off the northeastern coast of Japan on Monday, prompting authorities to issue a tsunami warning for several coastal regions. According to the Japan Meteorological Agency, the epicentre of the quake was located in the Pacific Ocean at a depth of approximately 10 kilometres. Officials warned......

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