Samsung Electronics wins partial court approval to restrict a planned strike by its union, Yonhap says.
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KOSPI recovers sharply, flipping into gains after falling as much as 4.68% earlier.
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Yield on Japan’s 2-year bonds advances to 1.435%, up 3 basis points.
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Vox becomes kingmaker as Sánchez suffers defeat in Spanish regional election-FT
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China’s economic momentum remained stable and improving from January through April, the statistics bureau spokesperson says.
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China Industrial Production (Y/Y) Apr: 4.1% (est 6.0%; prev 5.7%)
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China Fixed Assets Ex Rural YTD (Y/Y) Apr: -1.6% (est 1.7%; prev 1.7%)
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China Property Investment YTD (Y/Y): -13.7% (est –11.5%; prev –11.2%)
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Nikkei says Nidec Corp will wind down its EV motor joint venture with Guangzhou Automobile Group.
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Nikkei reports Nidec Corp’s president Kishida said the company expects to end its EV motor partnership with Stellantis.
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The Indonesian rupiah weakens to an all-time low of 17,650 against the dollar at the open.
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The NBS spokesperson states that China’s economic stability remains fragile and requires further consolidation.
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The NBS says China should adopt more proactive fiscal measures alongside moderately accommodative monetary policy.
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China’s statistics bureau spokesperson describes the international environment as “grim” and “complicated” as of April.
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China’s statistics bureau spokesperson warns that global recovery momentum is facing stronger headwinds.
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Malaysia’s currency declines 0.71%, with the ringgit at 3.9750 per dollar.
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