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On Friday the yen probed the 160 level, prompting strong warnings from Japanese officials, while the dollar held steady ahead of key US employment data. Middle East tensions supported safe-haven demand. ANZ Asia head of research said: "Ahead of the U

2026-06-05

On Friday the yen probed the 160 level, prompting strong warnings from Japanese officials, while the dollar held steady ahead of key US employment data. Middle East tensions supported safe-haven demand. ANZ Asia head of research said: "Ahead of the US nonfarm payrolls report, markets are unlikely to over-test the Bank of Japan." Despite intervention risk, investors have built the largest yen short positions since July 2024.

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2026-06-05

Tencent Cloud signed a strategic cooperation agreement with Guoxing Aerospace to develop the 'Star Computing' AI cloud service. The partners will build a cloud-service system covering multi-dimensional environments, integrate AI with cloud services,

Tencent Cloud signed a strategic cooperation agreement with Guoxing Aerospace to develop the 'Star Computing' AI cloud service. The partners will build a cloud-service system covering multi-dimensional environments, integrate AI with cloud services, accelerate commercialization of high-end compute and digital-industry upgrades, and collaborate on AI agent deployments and enterprise digital transformation.
2026-06-05

South Korean equities extended losses; KOSPI down 6% and SK Hynix off 9%.

South Korean equities extended losses; KOSPI down 6% and SK Hynix off 9%.
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