Asia Economy

• Why Big Tech is doubling down on India with billions in investment - Despite being a laggard in some key areas of artificial intelligence, India is becoming a major investment destination for Big Tech companies.
• Asia-Pacific markets mostly rise after third Fed cut of the year - Australia started the day higher, while Japan and Hong Kong futures also show a strong open.
• China consumer inflation hits near two-year high despite deeper-than-expected producer deflation - Economists warned that deflationary pressure on the world's second largest economy will persist into next year, calling for fresh policy stimulus to spur demand.
• U.S.-Indonesia trade deal is in danger of falling apart, FT reports - Washington believes Indonesia is 'backsliding' on removing non-tariff barriers to U.S. industrial and agricultural exports, among other things, FT reported.
• Asia-Pacific markets mostly lower following Wall Street losses ahead of Fed rate decision - The U.S. Federal Reserve starts its meeting Dec. 9 stateside, with the decision expected on Dec. 10.
• China's exports rebound in November, massively beating expectations after U.S. trade truce - China's exports jumped more than expected in November as manufacturers rushed to ship out inventory on the back of a trade deal Beijing struck with Washington.
• Asia-Pacific markets set for mostly higher open as investors look toward China trade data - Asia-Pacific markets were set to open mostly higher on Monday as investors look toward trade data coming out of China later in the day.
• Trump trade war shift away from Chinese manufacturing has reached tipping point - A long-term supply chain shift pulls the rest of Asia even with manufacturing giant China, but for importers, a short-term cash crunch from tariffs is looming.
• Nvidia partner Foxconn reports 26% revenue spike as AI boom continues - The Taiwanese company has increasingly moved into the AI infrastructure space in recent times
• India cuts rates to 5.25% as expected as central bank flags ‘weakness in some key economic indicators’ - India's central bank cut its policy rate by 25 basis points to 5.25%, matching forecasts from economists polled by Reuters.