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...Clients are often interested in purchasing retail outlets in Tokyo, said Chung, adding that on average each client or family spent HK$3mn-10mn on Tokyo investments....
The group are creating high-tech, mechanical installations like no other
The tastemaker discusses her responsibilities as collector and the big names she is bringing to her sleek new Taipei space
Jason Chung Tang Yen on how local galleries are responding to the Taipei Dangdai fair — and to wider changes in the market
...Additional reporting by Pham Hai Chung in Hanoi...
...South Korea’s won was 0.4 per cent stronger at Won1,068 per dollar and the yen, which is seen as a haven in times of uncertainty, slipped to ¥106.66 per dollar....
...(FT) Controversy in Cambodia Hun Sen claimed an overwhelming victory in the country’s election on Sunday, extending his 33-year run in office — one of the longest of any world leader....
...The dollar was 0.6 per cent stronger against the yen, which is seen as a haven in times of uncertainty, at ¥106.83....
...In office since 1985, Hun Sen has long fended off western criticism over clampdowns on opposition parties....
...The Chinese market seems to have bottomed out thanks to the tax cut but a strong recovery is unlikely,” said Chung Sung-yop at Daiwa Securities....
...“This is not a good sign,” said Chung Sung-yop, analyst at Daiwa Securities, referring to the reduced production....
...“They have been hit by a double-whammy of slowing Chinese growth and the weaker yen,” says Kim Jin-woo, analyst at Korea Investment & Securities....
...This was partly because of the company’s advanced technology and the large proportion of high-end steel in its sales mix, says Chung Sung-yop, an analyst at Daiwa....
...The fall in the value of the yen, meanwhile, has weakened Japanese companies’ appetite for overseas investment....
...Kintetsu’s deal follows a series of acquisitions by cash-rich Japanese companies on the back of a weaker yen and their need to expand beyond a shrinking home market....
...Local media reports describe Try Pheap as being close to Hun Sen and his wife, Bun Rany....
...Its chairman, Chung Mong-koo, was convicted of breach of trust in 2011 for forcing group companies to support the logistics business Hyundai Glovis, the growth of which has created huge wealth for his son...
...The won is trading near the strongest level in six years against the yen....
...“In the second half, the stronger won and the weaker yen will work complicatedly [against us],” he said....
...“Small-cap shares are hitting all-time highs on domestic retail buying, although their weightings are still small – less than 5 per cent of the whole market,” says Chung Hoon-seok, analyst at Korea Investment...
...The steelmaker, which generates about 40 per cent of its revenue overseas, faces growing competition from Hyundai Steel at home and from Chinese companies abroad, while a weaker yen gives Japanese rivals...
...“The stronger won and weaker yen were a burden on performance,” Hyundai said....
...Chung Mong-koo, the auto group’s chairman, told employees in a New Year message that the carmakers would focus on quality this year as competition increases and the global economy entered “a low-growth era...
...Meanwhile, Japanese steelmakers have benefited from a weaker yen, with Nippon Steel & Sumitomo Metal forecasting a nearly four-fold jump in profit for the fiscal year 2013....
...rose just 2.2 per cent last quarter, trailing the industry’s 8.9 per cent rise, as the carmaker struggled to compete with Japanese rivals that have enjoyed a competitive price advantage thanks to a weaker yen...
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