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Japan's Chiyoda Corporation will help the Philippines build oil storage facilities.
Japan's Chiyoda Corporation is assisting the Philippines in building oil reserve facilities. This follows a past incident where the Philippines declared a national energy emergency due to insufficient oil reserves, impacted by energy supply disruptions caused by the Iran War. This initiative is part of broader support from Japanese companies aimed at alleviating energy supply disruptions for Southeast Asian economies.
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24H Trending
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SK Hynix plunged over 8% on Thursday, impacted by concerns over Federal Reserve interest rate hikes and AI investment funding.
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Binance founder CZ retweeted, stating it's amazing that Solana can advertise and set up offices in China, while BNB Chain currently cannot.
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Prominent analyst Jason Schenker predicts: The Federal Reserve will hold steady in October, and may raise interest rates by 50 basis points in December.
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South Korea's KOSPI index fell 6.03% today, now at 5,646.66.
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Goldman Sachs: U.S. Equity Market Sentiment Is Depressed, But Three Major Buying Forces Are Set to Return
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South Korea's KOSPI index fell 7.85% intraday, now at 5,537.34.
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Australian Unemployment Rate Rose to 4.7% in September on Job Losses, Exceeding Expectations
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The KOSPI plunged 7.57% to close at 5554.22 points, triggering circuit breakers. Foreign investors net sold $3.6 billion in a single day.
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U.S. inflation reignites rate hike expectations, causing Asian stock markets to plummet across the board on Thursday. South Korea's KOSPI index fell over 6%, triggering circuit breakers, while the Nikkei 225 index dropped over 3%.
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Reserve Bank of New Zealand Chief Economist Paul Conway stated that the interest rate decision in late October is "completely open," despite accumulating inflationary pressures.
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