Asia (except ME & Indian SC)

China's billionaire Jack Ma on first trip abroad after crackdown on Alibaba

Beijing, Oct 20 (PTI) Jack Ma, China's billionaire and founder of e-commerce giant Alibaba, has travelled to Europe for an agriculture study tour, his first trip abroad since he ran into trouble with the Chinese government last year over violating anti-monopoly regulations.

Before flying to Europe, Ma was in Hong Kong to spend low-key private time with his family, the Hong Kong-based South China Morning Post, which is owned by him, reported on Wednesday.

Volcano in southern Japan erupts with massive smoke column

TOKYO (AP) — A volcano in southern Japan erupted Wednesday with a massive column of gray smoke billowing into the sky.

The Japan Meteorological Agency raised the warning level for Mount Aso to three on a scale of five, warning hikers and residents to avoid the mountain.

NHK national television aired footage of a massive smoke column above the volcano.

The warning was issued for the city of Aso and two nearby towns in Kumamoto prefecture, which is in the north-central region of the southern island of Kyushu.

Asian stocks mixed after Wall Street rises for 5th day

BEIJING (AP) — Asian stocks rose Wednesday after Wall Street advanced for a fifth day on strong corporate earnings.

Shanghai, Tokyo, Hong Kong and Sydney advanced. Seoul declined.

Wall Street’s benchmark S&P 500 index rose 0.7%, propelled by health care and tech stocks.

Asian markets took their “cue from extended gains on Wall Street following encouraging earnings results,” said Anderson Alves of ActivTrades in a report.

N Korea confirms missile test designed for submarine launch

SEOUL, South Korea (AP) — North Korea said Wednesday that it had test-fired a newly developed ballistic missile from a submarine, in its first such underwater test-launch in two years and one it says will bolster its military’s undersea capabilities.

The test Tuesday was the fifth round of missile launches since September and came as North Korea steps up pressure on Washington and Seoul to abandon what Pyongyang sees as hostile policies such as joint U.S.-South Korea military drills and international sanctions on the North.

China, Russia navy ships jointly sail through Japan strait

TOKYO, Oct 19 (Reuters) - A group of 10 naval vessels from China and Russia sailed through a strait separating Japan's main island and its northern island of Hokkaido on Monday, the Japanese government said, adding that it is closely watching such activities.

It was the first time Japan has confirmed the passage of Chinese and Russian naval vessels sailing together through the Tsugaru Strait, which separates the Sea of Japan from the Pacific.

WTO to conduct 8th trade policy review of China

BEIJING, Oct. 19 (Xinhua) -- The World Trade Organization (WTO) will start the eighth trade policy review of China on Wednesday, the Ministry of Commerce said Tuesday.

The review would last three days until Friday and will be attended by Minister of Commerce Wang Wentao and Vice Minister of Commerce Wang Shouwen in Beijing via video link, and China's Ambassador to the WTO Li Chenggang in Geneva, the ministry said.

WTO to conduct 8th trade policy review of China

BEIJING, Oct. 19 (Xinhua) -- The World Trade Organization (WTO) will start the eighth trade policy review of China on Wednesday, the Ministry of Commerce said Tuesday.

The review would last three days until Friday and will be attended by Minister of Commerce Wang Wentao and Vice Minister of Commerce Wang Shouwen in Beijing via video link, and China's Ambassador to the WTO Li Chenggang in Geneva, the ministry said.

North Korea tests possible submarine missile, amid tensions

SEOUL, South Korea (AP) — North Korea on Tuesday fired at least one ballistic missile into the sea in what South Korea’s military described as a weapon likely designed for submarine-based launches, marking possibly the most significant demonstration of the North’s military might since President Joe Biden took office.

The launch came hours after the U.S. reaffirmed its offer to resume diplomacy on North Korea’s nuclear weapons program. It underscored how the North continues to expand its military capabilities amid a pause in diplomacy.

Asian stocks higher as investors watch corporate earnings

BEIJING (AP) — Asian stock markets followed Wall Street higher as investors waited for U.S. corporate results Tuesday to see how companies are coping with supply disruptions and the past quarter’s surge in coronavirus infections.

Shanghai, Tokyo, Hong Kong and Sydney advanced.

Wall Street’s benchmark S&P 500 index rose 0.3%, propelled by tech and consumer stocks.

”It was a good day to be a mega-cap tech stock,” said Edward Moya of Oanda in a report.

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