Asup news update today
Here's an update on the latest news from the Asia-Pacific region:
Top Stories:
- China-US Trade Talks: The US and China have agreed to roll back some tariffs as part of a phase-one trade deal, according to sources. The deal is expected to be signed in the coming weeks.
- Hong Kong Protests: Pro-democracy protesters in Hong Kong have called off a planned march after the government agreed to withdraw a controversial extradition bill. However, tensions remain high, and protests are expected to continue.
- North Korea-US Relations: North Korea has accused the US of "gangster-like" behavior after the US imposed new sanctions on the country. The sanctions were in response to North Korea's recent missile tests.
- Indonesia Earthquake: A powerful earthquake struck Indonesia's Sulawesi island, killing at least 20 people and injuring hundreds more. The earthquake triggered a tsunami warning, but it was later lifted.
- Australia Fires: The Australian government has declared a state of emergency in New South Wales as bushfires continue to rage across the country. The fires have killed at least 25 people and destroyed thousands of homes.
Regional News:
- Japan Economy: Japan's economy contracted by 0.3% in the third quarter, according to official data. The contraction was due to a decline in exports and a slowdown in domestic demand.
- South Korea-US Trade: South Korea and the US have agreed to a new trade deal, which will reduce tariffs on each other's goods. The deal is expected to boost trade between the two countries.
- Philippines Politics: The Philippines' Supreme Court has upheld the conviction of former President Gloria Macapagal-Arroyo on charges of plunder. Arroyo was found guilty of stealing millions of dollars from the state treasury.
- Thailand Economy: Thailand's economy grew by 2.4% in the third quarter, according to official data. The growth was driven by a recovery in the tourism sector and an increase in exports.
- New Zealand Politics: New Zealand's Prime Minister Jacinda Ardern has announced a snap election, which will take place on September 19. The election was called after Ardern's government lost its majority in parliament.
Business News:
- China's GDP: China's GDP growth slowed to 6.2% in the third quarter, according to official data. The slowdown was due to a decline in exports and a slowdown in domestic demand.
- Japan's Nikkei: Japan's Nikkei stock index fell by 1.4% on Monday, amid concerns over the global economy and the impact of the US-China trade war.
- South Korea's KOSPI: South Korea's KOSPI stock index rose by 1.1% on Monday, driven by a recovery in the technology sector.
- Indonesia's Rupiah: The Indonesian rupiah fell by 0.5% against the US dollar on Monday, amid concerns over the country's economic growth and the impact of the global trade war.
- Australia's ASX: Australia's ASX stock index fell by 0.5% on Monday, amid concerns over the country's economy and the impact of the bushfires.
I hope this update helps you stay informed about the latest news from the Asia-Pacific region!