News

BofA Securities analyst Vivek Arya identified Analog Devices, NXP Semiconductors, and ON Semiconductor as his top picks for diversified semiconductor companies, citing their defensive nature and potential for growth in the second half of 2025. Despite lingering risks around tariffs and economic contraction, Arya believes these companies are well-positioned to outperform in a recovering market.

Cryptocurrency markets plummeted on Friday due to renewed inflation fears, with Bitcoin falling below $85,000 and analysts predicting further downside potential. The market also saw significant liquidations and regulatory developments, including Trump's SEC nominee prioritizing "rational" crypto regulations.

Asia's real estate sector is booming, attracting foreign investors and prompting businesses to expand, particularly in Southeast Asia where luxury brands are investing heavily in residential projects. However, concerns about oversupply and overdevelopment are emerging, especially in Indonesia where President Prabowo Subianto's ambitious affordable housing program faces challenges due to past issues.

A 7.7-magnitude earthquake centered northwest of Mandalay, Myanmar, killed at least 144 people and injured 732, while also causing damage and casualties in the Thai capital, Bangkok, over 1,000 kilometers away. The earthquake, which struck at 12:50 p.m. local time, was followed by a 6.4-magnitude aftershock and caused significant damage to infrastructure in both countries.

U.S. President Donald Trump's announcement of a 25% tariff on foreign-made cars and light trucks has sent shockwaves through the global economy, with Japan's car industry facing potential losses of up to 13 trillion yen (86.2 billion) due to a decline in domestic production. Despite the challenges, Japan remains committed to its alliance with the U.S. and will adopt a cooperative stance toward Washington.