According to data from the finance ministry, Japan experienced a significant drop in its holdings of foreign securities in May. This indicates that the government likely financed its recent currency market intervention, aimed at strengthening the yen,

Sunwoda Electric Vehicle Battery Co., a subsidiary of Shenzhen-based Sunwoda Electronic Co., is reportedly considering an initial public offering (IPO) in Hong Kong instead of Shenzhen due to the lengthy approval process for listings on mainland exchanges.

Air Liquide, a global industrial gas company, has announced plans to invest $250 million in a new plant in Idaho. The plant will produce ultra-pure nitrogen and other gases to supply U.S. chipmaker Micron Technology.

At the Bloomberg Wealth summit in Hong Kong, political risks were a major focus following the surprising election result in India. Wealthy investors, including UBS Group AG and Hang Lung Group Ltd

Foxconn, the world’s largest contract electronics manufacturer and Apple’s primary iPhone assembler, announced on Wednesday that its revenue for May had reached a record high for the month, with a year-on-year increase of 22.1%.

Asian shares were trading with mixed results on Wednesday as investors assessed recent data indicating a slowdown in the US economy. While this presents both positive and negative implications for Wall Street, the market showed a variety of responses.

Equities experienced a mixed performance on Wednesday as growing optimism about an interest rate cut by the Federal Reserve was overshadowed by concerns about the US economy.

The dollar stabilized on Wednesday as traders scaled back on risky investments in emerging markets, while also awaiting an interest rate decision in Canada and U.S. services data. The Swiss franc and yen also benefited from this sentiment, with the yen receiving an additional boost after Bloomberg News reported that the Bank of Japan is likely to consider reducing bond purchases at its upcoming policy meeting.