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FILE - In this June 28, 2019, file photo, South Korean President Moon Jae-in, right, walks by Japanese Prime Minister Shinzo Abe upon his arrival for a welcome and family photo session at the G-20 leaders summit in Osaka, western Japan. When Abe announced his decision last month to step down as Japan’s prime minster over an illness, Moon’s office issued glowing praise about his unspecified contributions to bilateral ties. The rare praise came after years of intense diplomatic rows over wartime history, trade and military issues that sank the relationship between the key U.S. allies to post-war lows. (Kim Kyung-Hoon/Pool Photo via AP, File)

Analysis: With Abe's exit, Seoul seeks to mend Japan ties

Sep. 15, 2020 9:28 PM EDT

SEOUL, South Korea (AP) — It took a bombshell resignation before Japanese Prime Minister Shinzo Abe heard anything nice from South Korea. The rare praise came after years of diplomatic rows and testy confrontations between Abe and South Korean President Moon Jae-in, and only after the Japanese prime...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Sept. 15, 2020. Asian stocks were mixed Tuesday after Wall Street rose on a flurry of corporate deals and China's economic activity improved. (AP Photo/Vincent Yu)

Asian markets mixed after Wall Street rises on dealmaking

Sep. 15, 2020 12:06 AM EDT

Asian stocks were mixed Tuesday after Wall Street rose on a flurry of corporate deals and China's economic activity improved. Tokyo declined while Hong Kong and Seoul gained. Shanghai was little-changed. Wall Street's S&P 500 index closed 1.3% higher, driven by gains for technology, health care and finance...

FILE - In this Tuesday, May 30, 2017 file photo, Nvidia CEO Jensen Huang delivers a speech about AI and gaming during the Computex Taipei exhibition at the world trade center in Taipei, Taiwan. Computer graphics chip company Nvidia said it plans to buy Britain's Arm Holdings for $40 billion, in a merger of two leading chipmakers. Santa Clara, California-based Nvidia and Arm's parent company, Japanese technology giant SoftBank, announced the deal Sunday, Sept. 13, 2020. (AP Photo/Chiang Ying-ying, File)

Nvidia to buy UK's Arm, sparking fears of chip dominance

Sep. 14, 2020 12:13 PM EDT

LONDON (AP) — U.S. graphics chip maker Nvidia said it plans to buy U.K.-based Arm Holdings in a deal worth up to $40 billion, in a move that would create a global powerhouse in the industry. The deal, announced late Sunday by Nvidia and Arm’s parent company, Japanese technology giant SoftBank,...

Masked currency traders work near screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea on Sept. 10, 2020. Asian shares rose Monday, Sept. 14, 2020 despite the rollercoast ride that closed Wall Street last week, as traders awaited cues from the U.S. central bank expected later in the week. (AP Photo/Lee Jin-man)

Asia shares rise as investors look ahead to Fed meeting

Sep. 13, 2020 11:10 PM EDT

TOKYO (AP) — Asian shares rose Monday, despite the rollercoast ride that closed Wall Street last week, as traders awaited cues from the U.S. central bank expected later in the week. Japan's ruling Liberal Democratic Party was set to pick a new leader, who will by definition become the prime minister...

Nvidia to buy rival chipmaker Arm from Softbank for $40B

Sep. 13, 2020 9:17 PM EDT

Computer graphics chip company Nvidia said it plans to buy Britain's Arm Holdings for $40 billion, in a merger of two leading chipmakers. Santa Clara, California-based Nvidia and Arm's parent company, Japanese technology giant SoftBank, announced the deal Sunday. Nvidia is best known for its graphics processing...

Visitors wearing face masks to protect against the coronavirus stand at a booth for Chinese technology firm Huawei at the China International Fair for Trade in Services (CIFTIS) in Beijing, Saturday, Sept. 5, 2020. Recent U.S. sanctions on Huawei Technologies have left the company without enough computer chips, hurting the growth of its smartphone business, a top executive says. (AP Photo/Mark Schiefelbein)

US sanctions on Huawei hit chip supply and growth, exec says

Sep. 10, 2020 5:23 AM EDT

HONG KONG (AP) — A Huawei executive says that recent U.S. sanctions against the company have caused a shortage of computer chips for the company, hurting the growth of its smartphone business. Richard Yu, president of Huawei Technologies’ consumer business, said at a company conference for...

FILE - In this Tuesday, Sept. 8, 2020, file photo, people wearing masks pass the Charging Bull statue in New York's financial district. Wall Street is steadying itself Wednesday following its first three-day losing streak in nearly three months, as the bloodletting for big technology stocks comes to at least a temporary halt. (AP Photo/Mark Lennihan, File)

Asian stocks gain after Wall Street rebounds from tech slump

Sep. 10, 2020 12:21 AM EDT

BEIJING (AP) — Asian stock markets gained Thursday after Wall Street rebounded from a three-day slump for tech stocks. Benchmarks in Shanghai, Tokyo, Seoul and Sydney advanced. Wall Street's S&P 500 index ended Wednesday up 2% for its best day in three months. Investors were snapping up lower-priced...

Stuart McKenzie, of London, takes a swing on the Charging Bull statue in New York's financial district, Tuesday, Sept. 8, 2020. More sharp declines for big tech stocks are dragging Wall Street toward a third straight loss on Tuesday. (AP Photo/Mark Lennihan)

Tech chills spill into Asia, as shares sink across region

Sep. 8, 2020 11:44 PM EDT

Asian shares declined on Wednesday after a sell-off of big technology stocks on Wall Street pulled U.S. benchmarks lower. Crude oil prices and Treasury yields also weakened. Australia’s benchmark led regional declines on Wednesday, losing more than 2%. Japan’s Nikkei 225 fell 1.6%. Troubles with ...

A man walks by an electronic stock board of a securities firm in Tokyo, Monday, Sept. 7, 2020. Asian stock markets were mixed Monday after Wall Street turned in its biggest weekly decline in more than two months.(AP Photo/Koji Sasahara)

Asian shares mostly higher as US set to reopen from holiday

Sep. 7, 2020 11:01 PM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday, after European stocks rallied and U.S. markets were closed for the Labor Day national holiday. Investors are focusing on uncertainties over the coronavirus pandemic and hopes for a vaccine. Attention is now on how Wall Street might pick up after the...

Residents wearing mask to protect themselves from  contracting the coronavirus pass by a Chinese military propaganda display in Beijing on Wednesday, Aug. 26, 2020. China is protesting the alleged incursion of a U.S. Air Force U-2 spy plane into a no-fly zone imposed during live-fire military exercises in the country's north in a statement issued Tuesday, Aug 25, 2020. (AP Photo/Ng Han Guan)

Chinese chipmaker denies military ties as US steps up feud

Sep. 6, 2020 12:26 AM EDT

BEIJING (AP) — China’s leading maker of semiconductors has denied it has any links to the military following reports Washington is considering stepping up its feud with Beijing over technology and security by imposing export controls that could disrupt manufacturing for a national industrial...