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India’s missile shield invites a false sense of security

In July, India tested two new interceptors meant to destroy missiles at ranges up to 5,000 kilometers, the latest step toward one of the few layered missile shields in the world. New Delhi calls the program defensive. But a neighboring rival rarely sees a shield that way. India’s expanding defenses could embolden its leaders in […]

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Takaichi bends to Washington as Japan’s yields rise

Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. Takaichi’s economic agenda runs into the bond market Scott Foster reports that Sanae Takaichi is retreating from reflationary policy as US pressure over the weak yen converges with rising JGB yields and domestic fiscal constraints. […]

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Why China is missing the big AI rally

TOKYO – China gave global investors one of 2026’s biggest AI thrills. Yet the country that helped ignite excitement about artificial intelligence is home to one of the worst-performing major stock markets. While AI fever has propelled Seoul, Taipei and Tokyo higher, Chinese shares are stuck in reverse.

So what gives? Several forces, actually. Weak household demand, for one. Consumer spending continues to disappoint, weighing on the earnings potential of mainland internet companies, automakers, and retailers.

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The China factor behind the Iran war

The war between the United States and Iran is no longer just a confrontation between Washington and Tehran. A second contest is taking shape alongside and behind it. China is not fighting the United States directly, but its economic, technological and diplomatic links to Iran are complicating Washington’s strategy and ability to win the conflict. […]

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US blast simulation targets China’s alleged secret nuke testing

Faced with rising great-power suspicions and the challenge of verifying clandestine, cavity-muffled detonations, the US is turning to high-precision subterranean blast experiments in the Nevada desert to strip covert nuclear testing of its technical cover. Last month, the US Department of Energy (DOE) reported that the National Nuclear Security Administration (NNSA) conducted an underground, non-nuclear […]

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Why Americans pay 41% more for SK Hynix shares than Koreans

On September 30, SK Hynix’s American depositary shares closed at US$184.15 on the Nasdaq. Earlier that day in Seoul, one ordinary share closed at 1,776,000 won, about $1,308.80. Ten ADSs represent one Seoul share, so each ADS’s slice was worth about $130.88. Comparing those two closing prices gives the ADSs a 40.7% premium. The markets […]

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US bans Chinese data center gear as Beijing grounds its AI talent

The artificial intelligence (AI) race between the United States and China has accelerated in model protection, supply chains and talent controls, even as the two nations’ leaders agreed last week to open a new dialogue on AI safety. A string of moves announced or uncovered this week shows that both sides are now guarding their […]

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