Wary buyers cloud outlook for tech and auto companies in Asia

Wary buyers cloud outlook for tech and auto companies in Asia

Samsung says demand for phone and PC chips set to weaken further Server customers can adjust inventory in recession -Samsung Toyota misses April-June production target GM’s operations in China lost $100 million in the second quarter due to restrictions July 28 (Reuters) – Asian tech firms from chipmaker Samsung to display panel maker LG Display … Read more

Japan May retail sales rise faster than expected as COVID restrictions ease

Japan May retail sales rise faster than expected as COVID restrictions ease

Retail sales in May increased by 3.6% year on year against f’cast + 3.3% Retail sales increase by 0.6% m/m seasonally adjusted Consumers Optimistic About Borderless ‘Golden Week’ Holiday Season Consumption supports Q2 GDP rebound, inflation risks loom June consumer confidence at lowest since January 2021 TOKYO, June 29 (Reuters) – Japanese retail sales rose … Read more