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Chinese Customs Flags Western Brands as Child Safety Risks in Clap-Back at Xinjiang Sanctions

Japan retailers expand in Vietnam as Korean peers retreat

While Japanese retailers are expanding in Vietnam, their Korean peers appear to be shrinking their presence in the Southeast Asian country amid the fierce competition, which is partially coming from local players. E-mart, South Korea’s largest retailer, is selling its business in Vietnam to Thaco, one of the country’s biggest private conglomerates and also a leading player in the local auto market.

Japanese shares inch higher as chip gains offset losses in cyclicals

By Reuters Staff 2 Min Read TOKYO, May 20 (Reuters) - Japanese shares ended marginally higher on Thursday, as gains by chip-related stocks tracking U.S. peers offset losses in cyclical shares. The Nikkei share average rose 0.19% to close at 28,098.25, after losing as much as 0.80% earlier in the session, while the broader Topix edged up 0.04% to 1,895.92. “The Japanese market does not have its own reasons for a movement right now after most of corporate outlook is out,” said Takatoshi Itoshima, strategist at Pictet Asset Management. “While there are uncertainties surrounding Japan that weigh on sentiment, such as slow rollouts of vaccines and whether and how the Olympics will be held.”

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