Latest East Asia News

Stocks open lower, S&P 500 set to break winning streak

Aug. 19, 2022 09:46 AM EDT

NEW YORK (AP) — Stocks are opening lower on Wall Street, putting the S&P 500 index on track to break a four-week winning streak. The benchmark index was off 0.9% in the early going Friday. The Nasdaq was down even more as technology stocks had some of the biggest losses. The Dow Jones...

Yangtze shrinks as China's drought disrupts industry

Aug. 19, 2022 09:38 AM EDT

CHONGQING, China (AP) — Ships crept down the middle of the Yangtze on Friday after China's driest summer in six decades left one of the mightiest rivers barely half its normal width and set off a scramble to contain the damage to a weak economy in a politically sensitive year. ...

Taiwan seeks to free citizens lured to Cambodia by scammers

Aug. 19, 2022 07:44 AM EDT

PHNOM PENH, Cambodia (AP) — Taiwan is seeking to free more than 300 of its citizens who were lured to Cambodia by crime groups promising high wages for tech jobs, but then were forced to work in call centers scamming mainland Chinese into making payments for non-existent government fees or...

Malaysia's Mahathir says US seeking to provoke war in Taiwan

Aug. 19, 2022 06:39 AM EDT

KUALA LUMPUR, Malaysia (AP) — Former Malaysian Prime Minister Mahathir Mohamad on Friday accused the U.S. of trying to provoke a war in Taiwan, and in a wide-ranging interview also said he expects Malaysia’s graft-tainted ruling party to hold general elections in the coming months. ...

China jails Canadian tycoon for 13 years for finance crimes

Aug. 19, 2022 06:00 AM EDT

BEIJING (AP) — A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a multibillion-dollar string of financial offenses and his company was fined $8.1 billion, a court announced. Xiao Jianhua was convicted of misusing...

Asian markets mixed after Wall St gains on jobs data

Aug. 19, 2022 00:43 AM EDT

BEIJING (AP) — Asian stock markets were mixed Friday after Wall Street rose as investors analyzed conflicting economic signals ahead of a Federal Reserve conference next week. Shanghai and Seoul declined while Tokyo and Hong Kong advanced. Oil prices edged lower but stayed above...

China's response to Pelosi visit a sign of future intentions

Aug. 19, 2022 00:09 AM EDT

BANGKOK (AP) — China's response to U.S. House Speaker Nancy Pelosi's visit to Taiwan was anything but subtle — dispatching warships and military aircraft to all sides of the self-governing island democracy, and firing ballistic missiles into the waters nearby. The dust has still...

North Korea dismisses Seoul's aid offer as 'foolish' repeat

Aug. 18, 2022 22:56 PM EDT

SEOUL, South Korea (AP) — The sister of North Korean leader Kim Jong Un said her country will never accept South Korean President Yoon Suk Yeol's “foolish” offer of economic benefits in exchange for denuclearization steps, accusing Seoul of recycling proposals Pyongyang already rejected. ...

US to hold trade talks with Taiwan, island drills military

Aug. 18, 2022 12:36 PM EDT

HUALIEN, Taiwan (AP) — The U.S. government will hold trade talks with Taiwan in a sign of support for the island democracy that China claims as its own territory, prompting Beijing to warn Thursday it will take action if necessary to “safeguard its sovereignty.” The...

Hong Kong seeks citizens caught in Southeast Asia scams

Aug. 18, 2022 10:20 AM EDT

HONG KONG (AP) — Hong Kong officials said Thursday they are seeking the return of citizens who traveled to Southeast Asia for jobs that entrapped them in scams and virtual slavery. The victims, who also came from Taiwan and mainland China, took jobs in call centers that sought to...