Nikkei 225, Kospi, Hang Seng Index

Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea. Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets were mostly higher Monday as investors looked past renewed diplomatic setbacks between the U.S. and Iran, even as escalating tensions in the Middle East…

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Nikkei 225, Hang Seng Index, Kospi

Kazuhiro Nogi | AFP | Getty Images Japan and South Korea stocks hit record highs Thursday, trailing overnight gains on Wall Street after President Donald Trump‘s extended a ceasefire with Iran, boosting investor sentiment alongside strong corporate earnings. Trump extended a two-week U.S. ceasefire on Tuesday, saying it was warranted due to Tehran’s “seriously fractured” government….

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Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself

A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again?  The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to…

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Trump prepares pharmaceutical tariffs of up to 100%

The Trump administration on Thursday imposed new tariffs on branded drugs from pharmaceutical companies that have not struck deals with the president to lower their U.S. drug prices – a long-awaited move that will likely only affect a small portion of drugmakers. “We need to make sure that our drug supply is protected, secure and…

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