Asia Pacific News
LAST UPDATE: October 1, 2025
Trump Trade Chief Expects US to Ink More Deals During Asia Trip
U.S. Trade Representative Jamieson Greer expects President Trump to finalize additional trade deals with Southeast Asian countries during his Asia visit.
Insight
Suggests the administration is seeking to expand trade ties in Asia in response to tariff pressure and global trade rebalancing.
Asia Manufacturing PMIs Show Diverging Impact of Tariffs
Asian manufacturing PMIs diverged in September as U.S. tariffs began to affect demand differently across countries.
Insight
Indicates that tariffs are creating uneven stress across Asian exporters; some are more resilient than others.
Japanese Manufacturers Turn Slightly More Upbeat as Tariff Fears Ease
Japanese manufacturers’ sentiment improved modestly, in part due to clarity in trade outlook easing tariff-related anxiety.
Insight
While still cautious, firms are adjusting expectations upward as trade tensions become slightly less uncertain.
South Korea posts record semiconductor exports in September
South Korea achieved its highest ever monthly semiconductor export value in September, driven by strong global chip demand.
Insight
The semiconductor sector is proving resilient amid trade frictions, becoming an even more critical export engine.
US, South Korea agree not to target FX rates for trade advantage
The two countries agreed that foreign exchange interventions should not be used as a tool for trade advantage, only to address excessive volatility.
Insight
This underscores currency cooperation amid trade tensions, signaling restraint in competitive devaluation.
Taiwan Rejects US Demand for Half of Chips to Be Made in America
Taiwan refused a U.S. demand that half of its semiconductor production be relocated to the U.S., stating no such commitment was ever made.
Insight
Reflects tensions in semiconductor diplomacy — Taiwan aims to preserve its role in global supply chains without undue constraints.
India’s Central Bank Holds Interest Rates Despite Tariff Blow
India’s central bank kept its benchmark rate steady despite external pressure from U.S. tariffs and inflation risks.
Insight
Signals policy caution; the RBI favors stability over aggressive adjustments amid external volatility.
India Unveils Raft of Measures to Expand Rupee Globalization
India’s central bank announced multiple steps to promote the rupee’s use in international trade and finance, including allowing rupee-denominated lending to nonresidents and setting reference exchange rates.
Insight
This is aimed at reducing intermediary currency dependence (e.g. on the US dollar) and enhancing India’s monetary influence globally.
