Factory activity across much of Asia weakened in June due to ongoing uncertainty over U.S. tariffs, though slight improvements in China, Japan, and South Korea offered cautious optimism ahead of key trade talks.
Private surveys on Tuesday showed slight gains in some economies, but global demand and stalled U.S. talks continue to cloud the outlook.
Japan's manufacturing sector recorded growth for the first time in over a year, and South Korea’s contraction eased. China’s Caixin PMI also showed expansion, supported by rising new orders—contrasting with official data indicating a continued downturn.
Despite these modest improvements, analysts warn that unresolved trade tensions and China’s sluggish domestic recovery continue to weigh heavily on Asia’s manufacturing landscape.
Industry experts in South Korea stressed the need to finalize a trade agreement with the U.S. Meanwhile, exports rebounded overall but remained weak to key markets like the U.S. and China.
Other economies saw ongoing weakness: Indonesia’s PMI slipped to 46.9, Vietnam’s to 48.9, Taiwan’s to 47.2, while Malaysia’s ticked up slightly to 49.3.
Negotiators from more than a dozen U.S. trade partners face a 9 July deadline to avoid tariff hikes, further intensifying pressure on Asian manufacturers who rely heavily on American markets.
Ukrainian President Volodymir Zelenskyy says envoys from the United States will be visiting Moscow and Kyiv to negotiate an end to the conflict....
The Trump administration pressured U.S. space companies not to attend a high-profile space summit in Paris orga...
A Russian court on Thursday imposed restrictions on Lida Moniava, the founder of a children’s hospice, who is accused of spreading false info...
Russian President Vladimir Putin has said that he thinks there is a chance of a peace being reached with Ukraine. He told the Eastern Economic Forum in Vladivostok, Russia that he believed there was "a chance of finding a solution," to the conflict.
The U.S. has launched a fresh wave of strikes on Iran, targeting Islamic Revolutionary Guard Corps (IRGC) sites as Tehran retaliated against U.S. positions across the region, while Iranian officials said at least five people were killed and dozens wounded at a wedding near Sirik.
The Iranian Health Ministry said at least 18 people were killed and 142 others injured in U.S. airstrikes carried out between 30 August and 2 September.
The European Union's foreign policy chief Kaia Kallas says the bloc will tighten enforcement of sanctions against Russia over its war in Ukraine. EU foreign ministers were meeting in Ireland following renewed Russian strikes on cities across Ukraine.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 3rd of September, covering the latest developments.
Ukrainian President Volodymir Zelenskyy says envoys from the United States will be visiting Moscow and Kyiv to negotiate an end to the conflict.
The Trump administration pressured U.S. space companies not to attend a high-profile space summit in Paris organised by French President Emmanuel Macron, prompting a last-minute reshuffle and the cancellation of some planned announcements, according to sources familiar with the matter.
A Russian court on Thursday imposed restrictions on Lida Moniava, the founder of a children’s hospice, who is accused of spreading false information about the Russian military’s actions in Ukraine.
China’s state-owned shipping giant COSCO has used concealed equipment aboard some of its vessels to collect intelligence on military communications near the coastlines of countries including the U.S., according to two senior Trump administration officials.
The U.S. House of Representatives has passed legislation that would block federal funding for universities that boycott Israel, as Republicans push ahead with pro-Israel measures despite growing criticism of the Israeli government over the war in Gaza.
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