Asian markets squeezed out gains Tuesday, giving investors some relief from a recent sell-off fuelled by worries that US interest rates will go higher than feared following last week's blockbuster jobs report. He told Bloomberg News: "I would expect that that would translate into us raising interest rates more than I have projected right now."
A cargo plane veered off a runway Monday during landing in Hong Kong, hit a security patrol car and then skidded into the sea, leaving two men in the vehicle dead, authorities said. Yiu said the patrol car was not on the runway at the time of the accident, and that "it was the aircraft that veered off the runway to hit the patrol car, which was outside the fence" and pushed it into the water.
China's economic growth slipped below five percent in the third quarter of 2025, the slowest pace in a year as trade headwinds and a domestic consumer slump continued to weigh. It also represented the slowest growth since the same quarter last year, when GDP expanded 4.6 percent.
Asian markets rose Monday after conciliatory comments from Donald Trump at the weekend ease worries about China-US trade tensions, while Tokyo stocks surged to a record on news of a deal to end political turmoil in Japan.
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