Latest news with #Asia-Pacific
The Star
24 minutes ago
- Business
- The Star
Stocks slip, dollar sags as Trump tariffs remain after latest courtroom twist
TOKYO: Stocks slipped in Asia on Friday and the U.S. dollar drooped with Treasury yields as investors digested an appeals court kept President Donald Trump's tariffs in effect, a day after markets rallied on a separate ruling blocking most of them. Japan's Nikkei saw the most pronounced selling, after experiencing the most pronounced buying on Thursday, with moves in the exporter-heavy index exacerbated by the ebb and flow in demand for the safe-haven yen. The United States Court of Appeals for the Federal Circuit in Washington temporarily reinstated Trump's duties on Thursday while it considers the government's appeal. On Wednesday, a little-known trade court had unanimously ruled Trump overstepped his authority, and tariffs were the jurisdiction of Congress not the president. Either way, senior Trump administration officials said they were undeterred and expected either to prevail on appeal or to employ other powers to ensure the tariffs remain. The Nikkei dropped 1.7% in the Asian morning, putting it basically back at Wednesday's closing level. The yen strengthened about 2% from its low on Thursday to last change hands at around 143.48 per dollar. A stronger yen reduces the value of overseas revenues. Hong Kong's Hang Seng sank 1.4% and mainland China's blue chip index eased 0.3% in early trading. South Korea's KOSPI fell 0.5%. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.4%. "Trump's trade agenda remains alive and kicking, with the legal battle adding yet another layer of uncertainty," said Rodrigo Catril, senior FX strategist at National Australia Bank. "The only thing that looks more certain is more uncertainty," which will lead to additional delays in investment decisions and hiring, he said. U.S. S&P 500 futures retreated 0.2%. The cash index rose 0.4% overnight, but that was largely the effect of resilient Nvidia financial results from after the market close on Wednesday, to which Asian shares already had a chance to react. Pan-European STOXX 50 futures edged 0.1% lower. The 10-year U.S. Treasury yield was steady at 4.42% on Friday, following a 5.5 basis point slide on Thursday. Safe-haven gold was little changed at $3,311 per ounce, following a 0.8% advance in the previous session. Risk-sensitive bitcoin slipped to a 10-day low of $104,714.35. Both Brent and U.S. West Texas Intermediate crude eased 0.3% early on Friday, to $63.97 and $60.75 per barrel, respectively. Despite the uncertainty injected by the courtroom drama, the Trump administration said negotiations with top trading partners continue unabated. Treasury Secretary Scott Bessent noted during an interview with Fox News that he is scheduled to have talks with a high-level Japanese delegation later on Friday in Washington. Trump had already paused his "Liberation Day" tariff rates on most trade partners for 90 days to July 9 and set a baseline rate of 10% in the meantime in order to give time for some of them to hammer out deals. So far though, apart from a broad agreement with Britain, deals remain elusive. Bessent said in the interview with Fox News that talks with China are "a bit stalled," and may need the direct involvement of Trump and Chinese President Xi Jinping to get across the finish line. - Reuters
Yahoo
25 minutes ago
- Business
- Yahoo
Stocks slip, dollar sags as Trump tariffs remain after latest courtroom twist
By Kevin Buckland TOKYO (Reuters) - Stocks slipped in Asia on Friday and the U.S. dollar drooped with Treasury yields as investors digested an appeals court kept President Donald Trump's tariffs in effect, a day after markets rallied on a separate ruling blocking most of them. Japan's Nikkei saw the most pronounced selling, after experiencing the most pronounced buying on Thursday, with moves in the exporter-heavy index exacerbated by the ebb and flow in demand for the safe-haven yen. The United States Court of Appeals for the Federal Circuit in Washington temporarily reinstated Trump's duties on Thursday while it considers the government's appeal. On Wednesday, a little-known trade court had unanimously ruled Trump overstepped his authority, and tariffs were the jurisdiction of Congress not the president. Either way, senior Trump administration officials said they were undeterred and expected either to prevail on appeal or to employ other powers to ensure the tariffs remain. The Nikkei dropped 1.7% in the Asian morning, putting it basically back at Wednesday's closing level. The yen strengthened about 2% from its low on Thursday to last change hands at around 143.48 per dollar. A stronger yen reduces the value of overseas revenues. Hong Kong's Hang Seng sank 1.4% and mainland China's blue chip index eased 0.3% in early trading. South Korea's KOSPI fell 0.5%. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.4%. "Trump's trade agenda remains alive and kicking, with the legal battle adding yet another layer of uncertainty," said Rodrigo Catril, senior FX strategist at National Australia Bank. "The only thing that looks more certain is more uncertainty," which will lead to additional delays in investment decisions and hiring, he said. U.S. S&P 500 futures retreated 0.2%. The cash index rose 0.4% overnight, but that was largely the effect of resilient Nvidia financial results from after the market close on Wednesday, to which Asian shares already had a chance to react. Pan-European STOXX 50 futures edged 0.1% lower. The 10-year U.S. Treasury yield was steady at 4.42% on Friday, following a 5.5 basis point slide on Thursday. Safe-haven gold was little changed at $3,311 per ounce, following a 0.8% advance in the previous session. Risk-sensitive bitcoin slipped to a 10-day low of $104,714.35. Both Brent and U.S. West Texas Intermediate crude eased 0.3% early on Friday, to $63.97 and $60.75 per barrel, respectively. Despite the uncertainty injected by the courtroom drama, the Trump administration said negotiations with top trading partners continue unabated. Treasury Secretary Scott Bessent noted during an interview with Fox News that he is scheduled to have talks with a high-level Japanese delegation later on Friday in Washington. Trump had already paused his "Liberation Day" tariff rates on most trade partners for 90 days to July 9 and set a baseline rate of 10% in the meantime in order to give time for some of them to hammer out deals. So far though, apart from a broad agreement with Britain, deals remain elusive. Bessent said in the interview with Fox News that talks with China are "a bit stalled," and may need the direct involvement of Trump and Chinese President Xi Jinping to get across the finish line. Sign in to access your portfolio
The Sun
3 hours ago
- Health
- The Sun
Humansa and i-Cognitio Sciences Unveil the World's First AI-Powered Retinal Imaging for Alzheimer's Risk Detection
HONG KONG SAR - Media OutReach Newswire - 29 May 2025 - Humansa, Asia's leading health and longevity center, is proud to announce the launch of its ground-breaking BrainSpark Program, a brain health program in collaboration with i-Cognitio Sciences, a spin-off company from the Chinese University of Hong Kong (CUHK) founded by Prof. Vincent Mok. This revolutionary program incorporates the world's first artificial intelligence (AI) model capable of detecting risk of Alzheimer's disease using fundus photographs alone, offering a non-invasive and accessible solution to address the growing global challenge of cognitive decline and dementia. The Humansa BrainSpark Program is a timely response to the alarming statistics in developed Asia-Pacific regions, where the mean life expectancy has reached 85 years. Yet, 1 in 3 individuals aged 85 or above may suffer from dementia, a devastating disease that robs individuals of their independence and quality of life. Research shows that 45% of dementia cases can be prevented or delayed by optimizing modifiable risk factors, making early detection and personalized interventions critical. A Revolutionary Approach to Brain Health The Humansa BrainSpark Program embodies a proactive approach to brain health by offering: Comprehensive Brain Health Assessment: Powered by state-of-the-art AI retinal imaging technology (i-Cog Brain Health) led and developed by Prof. Vincent Mok's team, the program evaluates brain health and identifies early signals of Alzheimer's disease. The AI model, developed and validated using nearly 13,000 fundus photographs from 648 Alzheimer's patients and 3,240 cognitively normal subjects, demonstrated accuracies ranging from 80% to 92% among various datasets of multi-ethnicities and multi-countries. The study was led by CUHK in collaboration with Universities in Singapore (National University of Singapore, Duke-National University, Nanyang Technological University), China (Tsinghua University), US (Mayo Clinic) and UK (Queen's University Belfast). The findings were published in the prestigious Lancet Digital Health journal in 2022. Tailor-Made Lifestyle Solutions: The Humansa BrainSpark Program offers tailor-made solutions that go beyond standard care, focusing on early detection and prevention of major chronic diseases, including Alzheimer's and dementia. By combining advanced AI technology with personalized care, Humansa provides lifestyle interventions, medical support, and preventive strategies tailored to each individual's unique risk profile. Additionally, Humansa's signature membership program offers a holistic anti-aging solution. This comprehensive package includes personalized recommendations on supplements, the frequency of restorative therapies, and other longevity strategies, empowering individuals to take proactive steps toward better brain health and overall well-being. Professor Vincent Mok, Founding Director of i-Cognitio Sciences and Mok Hing Yiu Professor of Medicine of CUHK explains, 'The retina is an extension of the brain, and through non-invasive fundus photography, we can detect changes in the blood vessels and nerves of the retina that are associated with Alzheimer's disease. These changes can appear 10–15 years before symptoms develop, giving us a critical window for early intervention. This AI model can identify early microvascular changes associated with Alzheimer's disease that may not be detected even by conventional MRI, making it a powerful tool for identifying high-risk cases in both clinical and community settings.' Regarding the Humansa BrainSpark Program, Professor Mok adds, 'This program is an innovative initiative that combines cutting-edge AI technology with personalized care approach. It encourages individuals to take proactive steps to protect their brain health, enabling early preventive treatments and lifestyle changes that can slow cognitive decline and preserve quality of life.' Aligning with Humansa's Methodology to Longevity The newly launched Humansa BrainSpark Program is a cornerstone of Humansa's methodology to longevity and its signature Future Health Program, which emphasizes prevention, early detection, and personalized care. Cognitive function is a critical pillar of Humansa's longevity strategy, as maintaining brain health is essential for living a long, independent, and fulfilling life. Don So, CEO of Humansa, shares, 'At Humansa, we believe that aging is not a passive process—it's a skill, a choice, and a science. Cognitive function is at the heart of our longevity strategy because it directly impacts an individual's ability to live independently and enjoy life to the fullest. The symptoms may show up decades later, but the seeds are often planted much earlier. The silent inflammation, the unchecked insulin resistance, and the daily choices—small and seemingly insignificant—that quietly shape your destiny. The Brain Health Program is a testament to our commitment to empowering individuals to live longer, healthier lives by providing them with the tools and knowledge to protect their brain health.' A Call to Action The Humansa BrainSpark Program combines cutting-edge technology with personalized care, offering individuals a proactive way to protect their brain health and live longer, healthier lives.
CNBC
3 hours ago
- Business
- CNBC
Asia-Pacific markets set to open lower as weakness in the U.S. dents investor sentiment
A HDR evening shot taken at sunset of the Tokyo skyline. Fgm | E+ | Getty Images Asia-Pacific markets are set to decline Friday, with a slowing U.S. economy, inflation fears and uncertainties from the judicial developments surrounding U.S. President Donald Trump's "reciprocal" tariffs weighing on investor sentiment." The U.S. Court of International Trade ruled on Wednesday night that Trump had overstepped his authority when he imposed his "reciprocal" tariffs. The court ordered that the challenged tariff orders be vacated. However, the Trump administration filed a notice of appeal shortly after the judgment, and an appeals court reinstated the levies on Thursday afternoon. The administration said it could ask the Supreme Court as early as Friday to pause the federal court's original ruling if necessary. Investors are keeping a close watch on Tokyo's core inflation reading for April to assess how it may affect the Bank of Japan's decision whether to hike rates again this year amid the ongoing tariff uncertainty. The reading, which captures consumer costs excluding fresh food, moved up to 3.6% from a year ago, its highest level since January 2023. The reading, which captures consumer costs excluding fresh food, was expected to rise 3.5%, according to economists polled by Reuters, compared to 3.4% the month prior. Japan's benchmark Nikkei 225 was set to open lower, with the futures contract in both Chicago at 37,895 while its counterpart in Osaka last traded at 37,900, against the index's Thursday close of 38,432.98. Futures for Hong Kong's Hang Seng index stood at 23,297, pointing to a weaker open compared to the HSI's last close of 23,573.38. Australia's S&P/ASX 200 was slated to start the day flat, with futures tied to the benchmark at 8,404, compared to its last close of 8,409.80. U.S. futures were little changed as investors await more trade news and fresh inflation data. Overnight stateside, all three key benchmarks on Wall Street rose, even as gains were curtailed by caution around the court rulings on Trump's "reciprocal tariffs." The S&P 500 moved up thanks to strong moves in chipmaker Nvidia. The broad-based index ended the day higher by 0.4% at 5,912.17 despite climbing as much as 0.9%. Meanwhile, the Nasdaq Composite advanced 0.39% to 19,175.87, also well off its highest intraday gain of 1.5%. The Dow Jones Industrial Average added 117.03 points, or 0.28%, to finish at 42,215.73. — CNBC's Alex Harring and Pia Singh contributed to this report.
Qatar Tribune
5 hours ago
- Sport
- Qatar Tribune
3x3 Youth Nations League: Qatar runners-up in second stage
Tribune News Network Doha The Qatar national basketball team put up a strong showing in the second stage of the 3x3 U23 Basketball Nations League - Asia-Pacific, organized by the Qatar Basketball Association and being heldfrom May 28 to June 3, with the participation of elite international teams in both the men's and women's categories. Twelve teams are participating in the tournament, including six men's and six women's teams: Qatar (host), New Zealand, Singapore, Indonesia, the Philippines, and Chinese Taipei. On Thursday, Qatar began their second-round campaign with a 21-19 victory over the Philippines and a 21-6 victory over Indonesia in Group A. Meanwhile, New Zealand defeated Chinese Taipei 21-10 and Singapore 21-11 in Group B, advanced to the second-round final. Qatar narrowly lost to New Zealand 16-17. The Qatari team thus collected 160 points, while New Zealand reached 200 points, having defeated Qatar 12-21 in the first round. The Qatari men's team consists of Hamad Yassin Ismail Musa, Zainuddin Badri, Nizar Mahmoud, Ahmed Saeed Mohammed, and Mubarak Jama. Professor Mohammed Najeeb, Elite Motors Sales Manager, crowned the New Zealand team as the champions of the second round. In the women's competition, Philippines took the first place defeating Chinese Taipei in the final 20-13. The winner collected 200 points, while the loser collected 160 points. Ahmed Youssef Mohammed Mubarak Al-Darwish, Assistant Secretary of the Qatar Basketball Association, crowned Philippines national team as champions of the second round. The Qatar women's national team in the second round, lost to the Philippines, 21-4, and to Singapore, 21-6, in Group A matches. The Qatari women's team consists of: Salha Ismail, Mona Abdel Moneim, Sama Jasser, and Lamees Jamal. The third-round matches of the FIBA U23 3x3 Nations League - Asia-Pacific will be held on Friday. The tournament is part of the promotional activities accompanying Qatar's hosting of the 2027 FIBA Basketball World Cup, as part of the Qatar Basketball Association's commitment to intensifying quality events and enhancing the global presence of basketball in Qatar. The tournament is being held in cooperation with and under the supervision of the International Basketball Federation (FIBA). The current edition serves as a qualifying round for the FIBA U23 3x3 Basketball World Cup, with the men's and women's champions and the top scorers qualifying for the tournament, which will be held in Xiong'an, China, from September 17 to 21. The Nations League was launched in 2017 as a development program for men and women under 23 to hone their skills in preparation for the open category.
