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