Headlines

AI reckoning makes South Korean economy run for cover

TOKYO — South Korea has outrun the 1997 Asian financial crisis, the 2008 Lehman shock, and the 2013 taper tantrum. Whether it can outrun its own AI boom is a harder test — and one the last week of Kospi whiplash put on stark display. Korea sits at the front of a pack of

Asia

Nostalgia hinders Takaichi’s vision for Japan

Two themes dominate Japan’s elite thinking at present: a blend of awe and fear about the ambitions of Japan’s powerful prime minister, Sanae Takaichi; and concerns about the US-Japan security alliance. Takaichi became prime minister last October through winning a party

Asia

China’s DUV lithography still lags ASML by four generations

Media reports published earlier this week about China’s plan to start making its own immersion deep ultraviolet (DUV) lithography machines have caused a sharp sell-off of European chip equipment stocks. But Chinese pundits say the situation remains very far from a point where

Asia

Chip boom’s dirty secret hiding in Samsung’s record earnings

Samsung just posted an operating profit of 89.5 trillion won, roughly US$62 billion, for the second quarter. That’s a jump of 1,814% from a year earlier. Revenue climbed 130% to 171.5 trillion won, a company record. And Samsung’s shares fell anyway. SK Hynix, the other pillar

Asia

The Washington dissensus on Myanmar

US President Donald Trump has remade American foreign policy into a dangerous mix of belligerence, atrocity crimes and incoherent lunacy. The broad elements of the Trump administration’s almost non-existent Myanmar policy are well known. The gutting of the US Agency for

Asia

Why South Korean stocks just crashed

Explaining stock market movements is always a little bit of a fool’s errand; no one really understands why stocks boom or crash on a given day or in a given week. Over the long run, the stock market displays lots of “excess volatility” — prices move up and down much more than

Asia