Asia
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The Reserve Bank of India has partially halted its bond selling for the first time in a year after Indian bond yields surged.
The Reserve Bank of India accepted offers to purchase only just over 40% of its three-year bonds, after bond yields surged 25 basis points in four weeks. -
India is poised to tighten controls on processed foods, considering red labels to warn against high sugar, fat, and salt content.
India is considering warning labels on foods high in sugar, salt, or saturated fat, amid a growing market for processed foods reaching $1.37 billion. -
The rapid appreciation of the Japanese yen has eased concerns about carry trade, but there is a risk of selling pressure spreading to global stock markets.
The Japanese yen strengthened 3% this month on expectations that the Bank of Japan (BOJ) will accelerate interest rate hikes, fueling concerns about the closure of the yen carry trade and its potential impact on US tech stocks and global stock markets. -
A Japanese digital agency's servers were hacked, putting the data of 2.46 people at risk of leakage.
Japan's Digital Agency discovered unauthorized access to servers after malicious individuals exploited a VPN vulnerability, risking the leak of names, email addresses, and phone numbers of approximately 246,000 people. -
El Niño is impacting Indian sugar production, raising concerns about tight global market supply and causing prices to surge 30%.
India's sugar production is projected to fall to 29-31 million tons due to lower-than-normal monsoon rainfall caused by El Niño. India may need to import 2-3 million tons next year, while raw sugar prices have already surged by about 30% this year. -
Tensions between China and the Philippines have resurfaced after a heated verbal clash on stage in Seoul.
China warned the Philippines to stop provocations and theatrics after the Philippine Defense Minister accused China of intimidation and aggression in the South China Sea. Analysts believe tensions are likely to escalate. -
South Korean president faces opposition to deploy troops to control the Strait of Hormuz, approval rating plummets to 38%.
Fifty-five percent of South Koreans oppose sending troops to the Strait of Hormuz, while Trump pressures Seoul to provide more assistance to the United States, putting significant pressure on the South Korean president. -
El Niño disrupts Asian ports; most typhoons in 65 years impact cargo transportation.
The severe typhoon season has disrupted shipping lanes across Asia, with Shanghai hit hardest, where only about 20% of ships arrived on time. Meanwhile, August saw the highest number of tropical cyclones since 1961. -
The Reserve Bank of India warned that reliance on a few big tech players by banks risks impacting financial stability.
The Reserve Bank of India has warned that over-reliance on a few cloud service providers, technologies, and models could cause mistakes from a single company to spread to multiple financial institutions simultaneously. -
The Bank of Korea warns that high-growth chip stock ETFs risk increasing market volatility.
The Bank of Korea is monitoring foreign investment products linked to Samsung and SK Hynix after the value of leveraged ETFs in Hong Kong surged more than 20 times.
