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ELAINE KURTENBACH

Asia business editor

Based in Bangkok, Kurtenbach is the AP’s business editor for Asia, helping to improve and expand our coverage of regional economies, climate change and the transition toward carbon-free energy. She has been covering economic, social, environmental and political trends in China, Japan and Southeast Asia throughout her career.
A board above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Thursday, April 17, 2025. (AP Photo/Richard Drew)
Asian markets are mostly higher as Wall Street is stuck in trade war doldrums
Asian shares are mostly higher after a bumpy ride on Wall Street. Markets advanced in Tokyo, Taiwan and Seoul in thin Good Friday trading.
 
CEO Jensen Huang talks during the keynote address of Nvidia GTC Tuesday, March 18, 2025, in San Jose, Calif. (AP Photo/Nic Coury)
Tech shares fall after Nvidia says new US controls on exports of AI chip will cost it $5.5 billion
Shares in Nvidia and other tech companies slumped after the computer chipmaker said that tighter U.S. government controls on its exports of semiconductors used for artificial intelligence will cost it an extra $5.5 billion.
 
Wallace Huang, export business director of Weking, talks about the Chinese manufacturer of rice cookers and heaters at the 137th Canton Fair in Guangzhou in southern China's Guangdong province on Wednesday, April 16, 2025. (AP Photo/Ng Han Guan)
China’s economy grew 5.4% in the first quarter as exporters rushed to beat Trump’s tariffs
China’s economy expanded at a robust 5.4% annual pace in January-March, supported by strong exports ahead of U.S.
 
Sales rep promote projectors at the 137th Canton Fair in Guangzhou in southern China's Guangdong province on Tuesday, April 15, 2025. (AP Photo/Ng Han Guan)
US moves ahead on tariffs with investigations into computer chips and pharmaceuticals
The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips and products that contain them, chip making equipment and pharmaceuticals.
 
A view of ships under construction at the Jinling Shipyard in Nanjing in eastern China's Jiangsu province Friday, April 11, 2025. (Chinatopix Via AP)
China’s exports jump 12.4% in March as bigger US tariff hikes loom
China’s exports jumped 12.4% in March from a year earlier in a last minute flurry of activity as companies rushed to beat President Donald Trump’s hefty increases in U.S. tariffs.
 
Indonesian President Prabowo Subianto, left, talks with Finance Minister Sri Mulyani Indrawati during an event called Economic Gathering with the President of the Republic of Indonesia, in Jakarta, Indonesia, Tuesday, April 8, 2025. (AP Photo/Dita Alangkara)
As China and the US spar, countries brainstorm over how to cope with the trade war
As President Donald Trump and China spar over tariff hikes and other retaliatory moves, governments elsewhere are brainstorming over strategies for coping with the trade war between the world’s top two economies.
 
A dejected investor waits to restart trading, suspended for an hour following a 5% drop in in its main index, at the Pakistan Stock Exchange (PSE), in Karachi, Pakistan, Monday, April 7, 2025. (AP Photo/Fareed Khan)
Nations puzzle over how to respond to US trade war as global markets gyrate
The impact from U.S. President Donald Trump’s blast of tariff hikes is reverberating across world markets as America’s trading partners puzzle over whether there is room for negotiating better deals.
 
Traders work on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)
World stocks nosedive and China accuses the US of bullying with tariffs
US stocks careened after President Donald Trump threatened to crank his tariffs higher, despite a stunning display showing how much Wall Street wants him to do the opposite.
 
A worker loads rolls of steel plate at a steel market in Hangzhou in east China's Zhejiang province, Monday, March 31, 2025. (Chinatopix Via AP)
China punches back as world weighs how to deal with higher US tariffs
China hit back with a stiff import tax on US goods as countries and industries around the world weighed their responses to President Donald Trump’s latest tariffs hikes that are roiling global trade and world markets.
 
A worker loads rolls of steel plate at a steel market in Hangzhou in east China's Zhejiang province, Monday, March 31, 2025. (Chinatopix Via AP)
China slaps a 34% tax on all US imports in retaliation for Trump’s tariffs
China says it will impose a 34% tax on all U.S. imports next week, delivering its strongest response yet since U.S.
 
Behind a television monitor showing U.S. President Donald Trump, the display board with the Dax curve shows falling share prices, in Frankfurt, Germany, Thursday April 3, 2025, after the tariff package announced by U.S. President Trump has pushed share prices sharply into negative territory. (Arne Dedert/dpa via AP)
Sweeping Trump tariffs shock global economy, drawing threats and calls for talks
Tariff hikes announced by U.S. President Donald Trump have provoked dismay, threats of countermeasures and calls for further negotiations to make trade rules fairer.
 
Trucks line up to enter a Port of Oakland shipping terminal on Nov. 10, 2021, in Oakland, Calif. (AP Photo/Noah Berger, File)
Counting the potential toll of Trump’s tariffs on major Asian economies
Export manufacturing and free trade helped transform China and other Asian countries into economic powerhouses. U.S.
 
FILE -Chinese waitresses dressed in orange shorts and t-shirts cheers while welcoming the arriving guests at the Hooters restaurant in Beijing, China, Sept. 10, 2007. (AP Photo/Andy Wong, File)
Restaurant chain Hooters goes bust and files for bankruptcy protection
Hooters is going bust. The U.S. restaurant chain, known for chicken wings and its skimpy “Hooters Girls” wait-staff outfits, has filed for bankruptcy protection.
 
A child rests in a flagship store for Chinese telecoms equipment giant Huawei along the Wangfujing shopping street in Beijing, China, Thursday, March 6, 2025. (AP Photo/Ng Han Guan)
China’s telecoms giant Huawei Technologies says its profit fell 28% while revenue surged in 2024
Chinese telecoms gear giant Huawei says its net profit fell 28% in 2024 while its revenue surged, as the company invested heavily in advanced technologies.
 
Rescuers make their way in from the top of debris to look for survivors from an under-construction high-rise building that collapsed after an earthquake in Bangkok, Thailand, Monday, March, 31, 2025. (AP Photo/Manish Swarup)
Bangkok reviews construction safety after a high-rise was crumpled by an earthquake 800 miles away
The governor of Bangkok says authorities are investigating why a high-rise building under construction collapsed during an earthquake that otherwise caused limited damage in the Thai capital.
 
President Donald Trump, left, shakes hands with China's President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, June 29, 2019. (AP Photo/Susan Walsh, File)
US adds Chinese tech firms to its export control list, says they sought US knowhow for military use
The U.S. has added dozens of companies to its export control, including more than 50 based in China that it says sought advanced knowhow in supercomputing, artificial intelligence and quantum technology for military purposes.
 
President Donald Trump speaks as administrator Kelly Loeffler, of the Small Business Administration, from left, Secretary of Commerce Howard Lutnick, Treasury Secretary Scott Bessent, White House AI and crypto czar David Sacks and Bo Hines, a member of the presidential council of advisers for digital assets, listen at the White House Crypto Summit in Washington, Friday, March 7, 2025. (Pool via AP)
XRP jumps 8% after Ripple’s CEO says SEC has dropped its case against the crypto currency
The price of the XRP coin is up more than 8% after the CEO of cryptocurrency company Ripple said the U.S. securities watchdog has dropped its four-year-old case against the company.
 
Chinese LiDAR maker rejects report backing U.S. claims it supplies China’s military
The Chinese leading supplier of LiDAR technology has denied a report saying it has links to China’s military.
 
Visitors check the China made BYD ATTO 3 at the IAA motor show in Munich, Germany, on Sept. 8, 2023. (AP Photo/Matthias Schrader, File)
China’s BYD launches EV charging system it says works nearly as fast as a fill up
China’s energy and auto giant BYD has announced a super fast EV charging system that it says is nearly as quick as a fill up at the pumps.
 
Local walk along an alley way in Hutong area in Beijing, China, Thursday, March 13, 2025. (AP Photo/Vincent Thian)
China orders banks to boost lending, credit card use to get consumers to spend more
China has ordered banks and other financial institutions to encourage more consumer financing and use of credit cards as part of a campaign to get people to spend more.
 
A man waves the Chinese national flag and Communist Party flag in the popular Wangfujing shopping street in Beijing, China, Thursday, March 6, 2025. (AP Photo/Ng Han Guan)
China slams US tariffs, says its economy is resilient but there are no winners in a trade war
China’s commerce minister says Beijing will not yield to bullying and its economy can weather tariffs and other challenges, though there are “no winners in a trade war.”
 
A Vancouver Police officer talks on his phone outside of a crime scene at a 7-Eleven after a stabbing in Vancouver, British Columbia, Wednesday, Dec. 4, 2024. (Ethan Cairns/The Canadian Press via AP, File)
7-Eleven parent names new CEO and plans IPO in US as it fights a takeover bid by Circle K’s owner
The parent company of the 7-Eleven convenience store chain has named a new CEO and plans to sell billions in assets as it tries to fend off a takeover bid from a Canadian rival.
 
A man cycles pass a traffic junction with the office buildings around the Central Business District in Beijing, China, Monday, March 3, 2025. (AP Photo/Vincent Thian)
China eyeing U.S. farm exports for retaliation, report says, as importers rush to beat tariffs
Chinese manufacturers reported stronger orders in February as importers rushed to beat higher U.S. tariffs.
 
The Icon for the smartphone apps DeepSeek is seen on a smartphone screen in Beijing, Tuesday, Jan. 28, 2025. (AP Photo/Andy Wong)
Upstart Chinese AI company DeepSeek’s founder started out as a low-key hedge fund entrepreneur
The 40-year-old founder of China’s DeepSeek, an AI startup that has startled markets with its capacity to compete with industry leaders like OpenAI, kept a low profile as he built up a hedge fund that now manages a reported $8 billion in assets.
 
A woman holds a red paper with Chinese calligraphy "Good Fortune" as people line up to get the red paper which distributed by Baiyun Taoist Temple ahead of the Lunar New Year in Beijing, Wednesday, Jan. 22, 2025. (AP Photo/Andy Wong)
China moves to boost languishing markets by ordering funds to invest more in shares
The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more in domestic stock markets.
 
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Jan. 20, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
Stock market today: Asian shares gain and bitcoin hits a record high ahead of U.S. inauguration
World shares are higher ahead of the inauguration of U.S. President-elect Donald Trump, while bitcoin surged to a record high.
 
FILE- Adani group Chairman Gautam Adani speaks during the inauguration of the 9th Vibrant Gujarat Global Summit in Gandhinagar, India, Jan. 18, 2019. (AP Photo/Ajit Solanki, File)
Founder of muckraking financial information firm Hindenburg Research calls it quits
The founder of the muckraking financial research firm Hindenburg Research says he is disbanding the organization after finishing the work it set out to do.
 
Foxconn's Foxtron Model C electric car is displayed during the Hon Hai Tech Day (HHTD 24) at the Nangang Exhibition Center in Taipei, Taiwan, Oct. 8, 2024. (AP Photo/Chiang Ying-ying, File)
Taiwan iPhone maker Foxconn sets its sights on the ever more crowded EV market
Automakers are joining forces to boost their scale and competitiveness to contend with industry newcomers like iPhone maker Foxconn.
 
Vehicles and trucks for export wait for transportation from a port in Yantai in eastern China's Shandong province on Jan. 2, 2025. (Chinatopix via AP)
China’s exports in December up 10.7%, beating estimates as higher US tariffs loom
China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S.
 
Workers prepare to destroy over 50 tons of confiscated fake medicine during a campaign to mark World Consumer Rights Day in Beijing, Thursday March 15, 2012. (AP Photo/File)
US ‘notorious markets’ report warns of risks from online pharmacies
An annual U.S. government report on “notorious markets” known for counterfeiting and other violations of intellectual property says that nearly all 35,000 online pharmacies around the world are being run illegally.
 
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