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The Latest Breaking News from Asia

Global Markets Watch: Tumbling tech darlings slam brakes on AI rally

Asian stocks experienced a significant plunge as investors exited AI-linked shares amid concerns of an overheated market. Disappointing outlooks from chipmakers and a strong U.S. jobs report, suggesting potential rate hikes, fueled the selloff. Fresh hostilities in Iran also pushed oil prices higher, adding to market fragility.

The Economic Times

Tech falls hit AI rally as Mideast escalation lifts oil

A rout in tech stocks and renewed fighting in the Middle East have hit global shares, while Iran-Israel hostilities have also pushed up oil and the greenback.

AAP

Gautam Adani becomes Asia's richest person again; overtakes Mukesh Ambani, Softbank's Masayoshi Son

Gautam Adani has regained the title of Asia’s richest person after a rally in Adani Group stocks lifted his net worth to $89.2 billion. The surge helped him overtake Mukesh Ambani and SoftBank’s Masayoshi Son, with key Adani stocks gaining strongly and extending their sharp 2026 rally.

The Economic Times

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Renewables key to Asia prosperity

As the war in the Strait of Hormuz continues to create havoc, Asia remains the worst hit by the global energy crisis. Whether it's a large economy like Japan or China, or a struggling economy like Sri Lanka or Pakistan, the same fate holds. Even nations that produce oil, like…

Bangkok Post

For gluten-free food, look to other cultures around the world

Letter: Kathryn Monk says nutritious, naturally gluten-free food is widespread in cuisines of Africa, Asia, the Middle East and South America

The Guardian - UK

Toyota Asia Names Seven Athletes to Global Team Toyota Roster for Aichi-Nagoya 2026

SINGAPORE, June 5, 2026 /PRNewswire/ -- Toyota Motor Asia (TMA) today announced its refreshed line-up of seven Global Team Toyota Athletes (GTTAs) representing six countries across Southeast Asia, on the road to the Aichi-Nagoya 2026 Asian Games and Asian Para Games. The roster includes two new para-athletes, alongside returning athletes…

AAP

European markets open mixed as AI stocks sell-off hits Asia, South Korea drops 5%

European stock markets had a mixed opening, as shares fell in Asia, with South Korea's benchmark dropping more than 5%. This comes as US markets saw sharp declines in several major artificial intelligence-related stocks on Thursday.

Euronews

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RBI MPC June meet 2026: What's cheaper and what's costlier

The Reserve Bank of India has maintained the repo rate at 5.25%. This decision comes as policymakers assess the effects of higher energy prices and supply chain issues. The ongoing West Asia conflict is a key factor. Home loans and business borrowing costs are expected to remain stable. Savers will…

The Economic Times

Asian shares drop, with South Korea's Kospi down more than 5%

Shares have fallen in Asia, with South Korea's benchmark dropping more than 5%, after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures also retreated, while oil prices were little changed

The Independent UK

RBI MPC Meeting 2026: Sanjay Malhotra & Co hold rates steady at 5.25% as oil shock, weak rupee & West Asia war cloud outlook

RBI Monetary Policy Meeting 2026: The Reserve Bank of India maintained the repo rate at 5.25%, balancing inflation risks from rising crude oil prices and a weakening rupee against the need to support economic growth. The decision comes amid geopolitical tensions and concerns over a below-normal monsoon, with the central…

The Economic Times

Rupee inches up, defies Asian peers; caution prevails before RBI policy

The Indian rupee strengthened on Friday, defying subdued Asian markets ahead of a key policy decision. While a currency trader noted flow-driven adjustments, overall caution prevails as the Reserve Bank of India prepares to announce its policy, with markets watching for potential rate hikes amid inflation and currency pressures.

The Economic Times

RBI MPC Meeting at a Glance: Your one-stop guide for all key decisions

RBI Monetary Policy Meeting Highlights: Reserve Bank Governor Sanjay Malhotra will announce the Monetary Policy Committee's decision on Friday. The key policy rate is expected to remain unchanged at 5.25%. This pause reflects a cautious approach amid the West Asia conflict. The conflict poses risks to inflation and economic growth.…

The Economic Times

‘Unpredictable and extreme’: Asia braces for El Niño

Weather models project a potentially strong El Niño this year, which could spell disaster for heatwave-hit India, drench China and hurt agriculture across south-east Asia

The Guardian - AU

Stocks drop as US-Iran talks stall and AI rally cools

Asian and European share markets have fallen as hopes dimmed for a US-Iran peace deal and an AI-driven sell-off continued for a second day.

AAP

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The Economic Times

Global Market Today: Asian stocks slip as AI rally stalls, oil steadies

Asian stocks declined as AI shares pulled back and Middle East tensions weighed on investor sentiment. South Korean shares saw a significant drop, impacting the broader MSCI Asia Pacific Index. Meanwhile, oil prices steadied, and gold held its gains as traders awaited key US jobs data.

Bangkok Post

A dangerous call to arms for Asean

US Defense Secretary Pete Hegseth's demand at the recent Shangri-La Dialogue in Singapore for Asian allies and partners to spend 3.5% of GDP on defence sounded alarm bells across Southeast Asia and beyond. His brow-beating call to arms will likely lead to a regional defence build-up not seen in decades.…

Evening Standard

FTSE 100 up despite Asia-focused financials falls

The FTSE 100 closed up 28.02 points, 0.3%, at 10,360.32.

AAP

Tishman Speyer Secures $300 Million First Close for Korea Living Venture with APG and Bouwinvest

NEW YORK, June 4, 2026 /PRNewswire/ -- Tishman Speyer today announced the first closing of its Korea Living Venture (KLV), securing $300 million in third-party equity commitments from two blue chip European pension funds for a new fund dedicated to acquiring, repositioning, and developing multifamily and accommodation properties throughout Seoul.…

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Fortune

Asia turns to U.S. oil and gas amid Iran war: 'We get too much into that tree-hugging mode'

Singapore looks to U.S. supplies as it builds out its natural gas importing infrastructure.

International Business Times UK

TikTok Billionaire Zhang Yiming's Net Worth Soars Past Mukesh Ambani's — See Who Still Leads Asia

Zhang Yiming, co-founder of TikTok's parent ByteDance, becomes Asia's second-richest after a valuation boost to £69.1B. See how AI and strategic investments reshaped wealth rankings.

AAP

MSA Asia expands Employer of Record services across Vietnam, Malaysia and Thailand

SHANGHAI, June 4, 2026 /PRNewswire/ -- MSA Asia, a specialist in cross-border company incorporation, accounting and tax advisory across the Asia-Pacific, today announced the expansion of its Employer of Record (EOR) services across Vietnam, Malaysia and Thailand. This new offering complements its existing market entry solutions in those locations. For...

AAP

European shares climb and Asian shares retreat after US stocks pause their record-breaking rally

World shares are mixed after declines on Wall Street that snapped a nine-day winning streak for the S&P 500

Bangkok Post

Dry weather disrupting Asian agriculture

Planting delayed in in India, Southeast Asia and Australia as powerful El Nino takes shape

The Economic Times

Europe's tech 'liberation day'? Computer says not yet

The EU plan aims to boost European tech firms and limit some access for dominant U.S. rivals. It marks a key but initial step, with the bloc trailing far behind the U.S. and Asia on AI, chips, cloud services and data centres.

AAP

Australia to host Asia-Pacific's biggest data centre

Bitcoin miner turned AI data centre company IREN Limited has announced it will build a massive 800 megawatt hub, supporting hundreds of jobs in one state.

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