19 h. ago US tariff damps holiday mood of India’s jewellers as exports set to fall by 70%

India’s gem and jewellery businesses face a bleak year-end holiday season following Washington’s decision to slap a 50 per cent tariff on the country’s exports, as they warn the move could affect more than two-thirds of their shipments to the United States. On Wednesday, the tariff on India’s exports to the US took effect in response to New Delhi’s purchases of Russian oil and weapons. “With the imposition of a 50 per cent tariff, we expect exports to the US to decline by more than 70 per cent....

Politics

32 h. ago Indian textile industry must dig deep to survive US tariff shock

The Indian textile industry is staring down its worst crisis yet, as an additional 25 per cent tariff imposed by US President Donald Trump on India for buying Russian oil came into effect on August 27, taking the total levy on India’s exports to the United States to a staggering 50 per cent. Trump’s astounding tariffs not only threaten the successful 25-year-old trade partnership between the two countries but are also becoming a defining moment for India’s textiles, posing an existential threat...

Events

48 h. ago Margin buying of Chinese stocks sets record at US$320 billion

Mainland stock traders boosted their leveraged bets to an all-time high, adding fuel to a liquidity-driven rally that catapulted a key benchmark to its highest point in a decade last month. The outstanding value of the shares bought with borrowed money rose to 2.28 trillion yuan (US$319.2 billion) on the mainland’s exchanges on Monday, according to data from China Securities Finance and Bloomberg. That surpassed the previous high of 2.27 trillion yuan set on June 18, just before a quick...

Economics

68 h. ago SMIC to take full control of chip foundry as China’s fab industry consolidates

Semiconductor Manufacturing International Corporation (SMIC), China’s largest contract chipmaker, said it planned to buy all of a foundry it controls as the nation’s fab industry undergoes a wave of consolidation. In a statement last week, the company said it planned to buy the remaining equity interest in Semiconductor Manufacturing North China (Beijing) Corporation (SMNC), a subsidiary that is currently 51 per cent owned by SMIC. The chipmaker said it would buy the stake from state-owned...

Politics

4 d. ago India won’t ‘bow down’ to crippling 50% US tariff, trade minister says

India will not “bow down” and instead focus on capturing new markets, trade minister Piyush Goyal said in his first public remarks since Washington imposed steep tariffs on Indian goods. The 50 per cent levies on many Indian imports into the United States took effect this week as punishment for New Delhi’s massive purchases of Russian oil, part of US efforts to pressure Moscow into ending its war in Ukraine. Since his return to the White House this year, US President Donald Trump has wielded...

Politics

5 d. ago US makes it harder for Samsung, Intel to produce chips in China

The United States is making it more difficult for chipmakers Samsung and SK Hynix to produce chips in China by revoking authorisations that allowed the companies to receive American semiconductor manufacturing equipment there, according to the Federal Register. The US Commerce Department had given the companies exemptions to sweeping restrictions created in 2022 on the sale of US semiconductor equipment to China. The companies will now need to obtain licences to buy the equipment for China. The...

Politics

7 d. ago Trump aide slams ‘arrogant’ India over Russian oil, dubs Ukraine ‘Modi’s war’

White House trade adviser Peter Navarro sought to raise pressure on India to halt purchases of Russian energy after the US imposed crippling new tariffs on New Delhi, casting the conflict in Ukraine as “Modi’s war”. “I mean Modi’s war because the road to peace runs, in part, through New Delhi,” Navarro said on Wednesday, referencing Indian Prime Minister Narendra Modi. US President Donald Trump’s 50 per cent tariff on Indian goods took effect earlier on Wednesday, a bid to punish the country for...

Politics

7 d. ago $8 Soybeans? That’s the Reality for Some Farmers as China Remains Absent From Buying

$8 Soybeans? That’s the Reality for Some Farmers as China Remains Absent From Buying  AgWeb

Economics

7 d. ago India’s exporters face ‘strategic shock’ as US tariffs over Russian oil kick in

Steep US tariffs on a range of Indian products took effect on Wednesday, threatening a severe blow to India’s overseas trade in its largest export market. US President Donald Trump had initially announced a 25 per cent tariff on Indian goods. But earlier this month, he signed an executive order imposing an additional 25 per cent tariff due to India’s purchases of Russian oil, bringing the combined tariffs imposed by the US on its ally to 50 per cent. The Indian government estimates the tariffs...

Events

8 d. ago Corn and Soybeans Trade Sideways: Await Harvest, China Buying

Corn and Soybeans Trade Sideways: Await Harvest, China Buying  AgWeb

Politics

8 d. ago Corn and Soybeans Consolidate: Await Harvest Results, China Buying

Corn and Soybeans Consolidate: Await Harvest Results, China Buying  AgWeb

Politics

8 d. ago Tesla Stock Advances Above Buy Point But EV Business In China Is Still Under Pressure

Tesla Stock Advances Above Buy Point But EV Business In China Is Still Under Pressure  Investor's Business Daily

Economics

8 d. ago Tesla Stock Nears Buy Point But EV Business In China Is Still Under Pressure

Tesla Stock Nears Buy Point But EV Business In China Is Still Under Pressure  Investor's Business Daily

Economics

8 d. ago South Korean investors ride China’s tech wave with big stock buys in 2025

Since buying stock in China’s robotics firms over the last year – companies emerging as global industry leaders – David Choi, a South Korean investor in his early 30s, has been riding a wave of strong gains. He is not alone. Many South Korean investors have begun exploring positions in Chinese equities, particularly in rapidly growing arenas like tech. “Those who follow what’s going on in the tech industry already see how fast China has been developing on many fronts,” said Choi, who works in...

Economics

9 d. ago Sell India, buy China? Don’t get stock and property markets confused

Indian stocks have had a good run. Since the end of March 2020, the Nifty 50, one of India’s main equity gauges, has risen almost 190 per cent. It has outperformed the benchmark S&P 500 index, which itself is up more than 150 per cent. Yet in the past year, the ferocious rally has given way to volatility, concerns over lofty valuations and worries about growth and corporate earnings. The unexpected decision earlier this month by US President Donald Trump to impose swingeing tariffs of 50 per...

Economics

9 d. ago The View | Sell India, buy China? Don’t get stock and property markets confused

The View | Sell India, buy China? Don’t get stock and property markets confused  South China Morning Post

Economics

9 d. ago Nvidia: Buying Access To China's AI Chip Market (NASDAQ:NVDA)

Nvidia: Buying Access To China's AI Chip Market (NASDAQ:NVDA)  Seeking Alpha

Economics

1 week ago Trump aide calls India’s Russian oil purchases ‘laundromat for the Kremlin’

White House trade adviser Peter Navarro blasted India for continuing to buy Russian oil and said he expects punitive tariffs of 50 per cent on imports from the South Asian nation to kick in as planned next week. “I see that taking place,” Navarro told reporters in front of the White House when asked about the tariffs on India that are set to double on August 27. “India doesn’t appear to want to recognise its role in the bloodshed. It simply doesn’t. It’s cozying up to Xi Jinping, is what it’s...

Politics

2 w. ago China exports of permanent magnets up, EU biggest buyer with ‘fast

China’s exports of permanent magnets rose to a six-month high in July, marking a second month of growth after the government pledged to accelerate export permit approvals for the rare earth derivative. According to customs data, China exported 5,577 tonnes of permanent magnets last month, up 75 per cent month on month. Rare earth permanent magnets are an essential component in products including electric vehicles, wind turbines, smartphones, aeroplanes and spacecraft. The European Union remained...

Politics

2 w. ago Chinese woman seeks refuge from rain in shop, buys lottery ticket, wins US$140,000

A Chinese woman who sought shelter from the rain in a lottery shop and casually bought a scratch card has won a million yuan (US$140,000), astonishing and delighting many people online. On August 8 in Yuxi, Yunnan province, southwestern China, an unidentified woman was caught in a sudden downpour and stepped into a lottery shop in the Hongta District to take cover. According to the store owner, the woman asked: “Do you have scratch cards here? Since I am stuck in the rain, I might as well play a...

Economics