Is investors’ love affair with India ending?

People shop at a city market in Bangalore on June 23. India’s equity market is no longer in the world’s top five by market capitalisation, having fallen behind Hong Kong, Taiwan and South Korea in recent years. Photo: EPA

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm.

In July 2024, India’s weight in the MSCI Emerging Markets Index, a leading gauge of stocks in developing economies, hit a record high of 19.99 per cent. At the time, this was less than three percentage points below China’s weight, which at one point was as high


Could China’s photonic chips help it leapfrog US on AI?

China opened a top-level optical computing laboratory in Shanghai in June after a string of breakthroughs in the field that could help get around US curbs on its development of artificial intelligence (AI).A decade after optical computing and next-generation photonics were made national priorities, China last year began limited production of locally designed photonic chips. These transmit and process data using photons – particles of light generated by lasers – whereas silicon chips such as the...

Huawei and Cambricon lead China’s AI server chip surge, piling pressure on Nvidia

Chinese chip suppliers led by Huawei Technologies and Cambricon Technologies, together with tech giants developing their own silicon, are set to capture nearly 80 per cent of the domestic AI server market this year, further squeezing global rivals such as Nvidia, according to TrendForce.

Geopolitical tensions continue to erode the position of Nvidia, Advanced Micro Devices and other foreign suppliers, whose combined share of China’s AI server market is forecast to fall to 21 per cent in 2026 from 34 per cent last year,

Huawei is expected to lead a sharp expansion in China’s domestic AI server chip market as demand for home-grown artificial intelligence infrastructure accelerates. Photo: AFP

As US wavers, ex-minister says Japan and South Korea ‘only have each other’

US soldiers cross a floating bridge on the Imjin River during a joint exercise with their South Korean counterparts in Yeoncheon last year. Photo: AP

Japan and South Korea should build a stronger security alliance to anchor regional stability as US commitment to East Asia becomes less certain, former Japanese foreign and defence minister Taro Kono said on Wednesday.
“I think it is indispensable for peace and stability for East Asia that Japan and Korea create a very strong security alliance, not just the economy. Japan and Korea need to sit down and discuss security in the region,” Kono said during the “

New Zealand offered Chinese tourists an easier path to visit, and they’re loving it

Chinese visitors take advantage of a pilot scheme that exempted them from visa requirements if they were travelling from Australia

Chinese tourists at Lake Tekapo, New Zealand. Photo: Francine Chen

New Zealand has seen a surge in Chinese tourists since it began testing an easier pathway for visitors via Australia.
The government began a 12-month trial in November that exempted Chinese and Pacific people from visa requirements if they were travelling from Australia . Officials estimated that after six months the new option has resulted in a 40 per cent

Philippines foils second planned high school attack in Leyte in days

Philippine authorities successfully foiled another possible school attack in Leyte province just two days after Monday’s deadly shooting in Tacloban City, thanks to a timely tip from Senator Bam Aquino.

The senator, nephew of former president Corazon Aquino, informed Interior Secretary Jonvic Remulla of the threat on Wednesday night. “At 8 o’clock last night, Senator Bam Aquino called me up and gave me a tip that there was chatter in Tacloban that there was an impending mass shooting that was about to occur in Leyte,” Remulla said

A police vehicle enters San Jose National High School a day after a shooting incident on Monday inside the school in Tacloban, Leyte, Philippines. Photo: AP

Crocodile discovered on balcony triggers arrest after 100 more reptiles found

A juvenile crocodile was found injured at a residential building on Wednesday afternoon. Photo: Handout

Hong Kong police have arrested a woman after the discovery of a 1.5-metre-long (4.9 feet) crocodile on her balcony led to authorities finding about 100 more reptiles in her home, the South China Morning Post has learned.

A source said police officers and staff from the Agricultural, Fisheries and Conservation Department (AFCD) returned


Cash-strapped Chinese man requests extra rice; restaurant owner surprises him

A financially strained, unemployed man in China who ordered a set of fried rice on a food delivery platform not only received a larger portion of rice but also an apprenticeship offer from the restaurant.

The young man, surnamed Wan, shared his experience on social media in mid-June, with the video attracting 40 million views and nearly four million likes as internet users praised the restaurant owner’s kindness.

Living in Wuxi, in eastern Jiangsu province, Wan placed an order for the fried rice at 12.

A vendor prepares malatang, a mix of ingredients boiled in a hot, spicy broth, for customers at a diner in Tianshui, Gansu province. Such meals are staples in many parts of China. Photo: Getty Images

Woman in Singapore goes undercover to expose ex-boyfriend in porn group, gets him jailed

A man in Singapore posed as his ex-girlfriend and shared her nude photos in a sex chat group with a religious theme, but was exposed when the victim caught wind of it and went undercover to investigate.

The victim, who was a teenager when she shared the photos with the culprit, was horrified to discover that the chat group contained many obscene images and videos of women clad in religious garb, including the tudung (headscarf). She filed a police report.

Abdul Marzuq Waliyuddin Abdul Majid, a 27


China-Japan flights drop 57% for summer travel peak amid geopolitical tensions

ANA and Japan Airlines planes taxi at Haneda airport in Tokyo on April 12, 2026. Photo: Kyodo

The number of China-Japan flights scheduled by airlines for the upcoming summer travel period – the peak months of July and August – has dropped by 57 per cent versus a year ago following a political flap and a price hike in Japanese visas, according to industry data.

A total of 2,629 round-trip flights were expected next month between

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