The U.S. imports more from Asian countries than it exports and as per available data the U.S. runs trade deficits with most of Asian countries except Singapore. The U.S. has trade surplus of US$8 billion with Singapore.
China's move to blacklist Korean food and cosmetics firms add woes to the already hurt businesses.
China's economy is expected to grow by 6.7 per cent this year and can "safely sustain strong growth" over the medium term, a report by the International Monetary Fund (IMF) said Wednesday, while urging the country to accelerate reform across various sectors.
China on Thursday posted a forecast-busting surge in exports and imports in May, signalling improvement in the world's number two economy, but there were warnings Beijing would struggle to maintain its momentum.
Australia marked a world-record 26 years without a recession Wednesday after official figures showed another quarter of economic expansion, but analysts warned of uncertain times ahead as growth slows.
Taiwan-based PC brand Asustek Computer Inc. (華碩) said on Wednesday that it plans to start selling its home robot "Zenbo" in China at the end of September after the gadget hit the Taiwan market earlier this year.
Shares of Taiwan-based metal casing supplier Catcher Technology Co. (可成) rose sharply Tuesday, outperforming the broader market, after the company reported on Monday an almost 20 percent month-on-month increase in sales for May.
Hon Hai Precision Chairman Terry Gou confirmed that his company had secured the support of Apple and Amazon for its bid for Toshiba, foreign media reported.
Japanese technology giant Toshiba Corp.'s last-gasp strategy for staying afloat -- selling its prized computer chip operations -- may buy the company time but is no cure-all.
Tokyo stocks fell Friday as energy firms were hit by an OPEC decision not to cut output more to buoy oil prices, but videogame giant Nintendo hit an eight-year high on rosy sales prospects.