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Welcome to Your Week in Asia.
Indian Prime minister Narendra Modi has taken a defiant stance in the face of an additional 25% tariff threatened by U.S. President Donald Trump, but Indian businesses will begin to feel the true impact of the levy once it takes effect on Wednesday.The deterioration in bilateral ties is also set to impact Modi’s approach to a summit with China and others in shanghai at the weekend.
technology is at the heart of the contest between the U.S. and China, and two key companies are due to report their earnings this week. Analysts and investors will be looking closely to see how Nvidia and BYD are navigating the rapidly shifting landscape in global trade and geopolitics.
Get the best of our coverage of Asia and much more by following us on X, where our handle is @Nikkeiasia. We are also now on Bluesky, with the handle @asia.nikkei.com.
MONDAY
Lee visits Washington
South korean President Lee Jae Myung will hold his first summit with trump. Top of the agenda will be ironing out the details of the agreement the two sides reached in late July to lower Washington’s “reciprocal” tariffs to 15%. South Korean commentators are fretting over the possibility of increasingly aggressive demands from the U.S. president.
Super Garuda Shield military drills
Indonesia will launch the Super garuda Shield joint military exercise with a ceremony in Jakarta. co-hosted by the Indonesian and U.S. armed forces,the annual drill will run for two weeks. Fifteen countries, including Japan, South Korea and Australia, are expected to take part, with a live-fire exercise scheduled to be held in Baturaja, Sumatera.
China Evergrande delisted from the Hong Kong Stock Exchange
Data: Singapore inflation
TUESDAY
Earnings: Ping An Insurance Group
Data: Singapore manufacturing index
WEDNESDAY
Extra U.S.tariff on India to take effect
Trump’s additional 25% tariffs on imports from India, a penalty for buying Russian oil, are due to kick in. This will lift total tariffs on the South Asian nation to 50%, among the highest globally. With no signs of New Delhi and Washington closing in on a trade deal, India’s exporters are bracing for tough times, fearing that clients may shun them for suppliers that face lower levies.
Nvidia financial results
Nvidia reports second-quarter earnings. A major point of interest for investors will be the artificial intelligence titan’s guidance on china. Nvidia recently received permission from the U.S. to restart sales of its H20 chips in China,only for Beijing to flag security concerns about the chip and urge Chinese companies to prioritize domestic alternatives.
THURSDAY
Hong Kong crypto conference
Cryptocurrency advocates and investors converge on Hong Kong for Bitcoin Asia 2025, one of the region’s largest conferences dedicated to blockchain tech. Speakers are due to include Eric Trump, one of the U.S. president’s sons. The two-day event will highlight the city’s ambitions to establish itself as a hub for digital financial assets.
Australian and Indonesian defense and foreign ministers meet
Australia and Indonesia will hold a “two-plus-two” meeting of their foreign and defense ministers in Canberra. The biannual forum last took place in 2023, when current Indonesian President Prabowo Subianto attended as defense minister. This year’s meeting will be the ninth since the format was launched in 2006 to strengthen ties between the two neighbors.
Philippines monetary policy
the Philippine central bank is set to take more action on interest rates as U.S. tariffs continue to loom over the economy. Growth in the second quarter rose to 5.5%, but economists note lower interest rates could spur spending in the consumption-dependent nation. The key benchmark rate currently stands at 5.25%.
Earnings: RHB Banking Group, Axiata Group, CITIC securities, China Southern
FRIDAY
Modi visits japan
Modi visits Japan for an annual summit with his counterpart Shigeru Ishiba.The two are seeking to bolster cooperation as trump’s trade tariffs shake up geopolitics.
Constitutional Court ruling on Paetongtarn
Thailand’s Constitutional Court will rule on whether to remove Prime Minister Paetongtarn Shinawatra from her position over a leaked phone call with former Cambodian Prime Minister Hun Sen, in which she referred to a Thai army commander as the “opposite side.” In the wake of the leak, she was criticized for showing a lack of obligation and integrity, as well as putting the country’s sovereignty at risk.
BYD financial results
Chinese electric vehicle leader BYD releases its latest earnings. The automaker’s numbers will be under the spotlight as industry players grapple with cutthroat price competition and questions about business sustainability.
Earnings: Alibaba, China Construction Bank, Bank of China, Agricultural Bank of China, ICBC, COSCO Shipping, china Eastern, air China
Data: India GDP, Philippines trade
SATURDAY
Data: Sri lanka inflation
SUNDAY
Shanghai Cooperation Organization summit
Regional leaders gather in the Chinese city of Tianjin for the annual shanghai Cooperation Organization summit. With modi and Russian President Vladimir Putin among the expected attendees, warming India-China ties and a recent U.S.-led push to broker an end to the Ukraine war will be in focus.
