- Reuters
GLOBAL MARKETS-Asian shares jump on tech boost; fragile yen on intervention watch
Asian stocks rose sharply on Wednesday led by tech stocks as investors' focus shifts to earnings from U.S. tech bellwethers this week, while the yen remained mired near 34-year lows, keeping traders wary of intervention from Japanese authorities. An after-hours surge in shares of EV maker Tesla following its promise of new models, and upbeat earnings from some U.S. companies lifted sentiment, spurring a rally in tech stocks across Asia, with Taiwan, South Korean and Japan's Nikkei leading the charge. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.6% higher, having climbed 1% on Tuesday, as stocks rebounded from last week's steep selloff.
- BBC
US Senate passes bill that could see TikTok banned
The app's owner, ByteDance, has nine months to sell its stake or face being blocked in the US.
- Reuters
Toyota's scandal-hit Daihatsu aims to resume vehicle development this year
Scandal-hit Toyota Motor subsidiary Daihatsu aims to fully resume developing vehicles by as early as the end of this year, the president of the compact carmaker told reporters, adding that he saw opportunities in South America and Africa. Daihatsu last year said it had rigged safety tests for some 88,000 small cars, most of them sold under the Toyota brand, with the scandal posing a reputational risk for Japan's largest automaker. New President Masahiro Inoue was dispatched from Toyota to turn Daihatsu around and put it on a path to growth.
