SEOUL: South Korea’s automobile export, production, and local sales all declined last month on less working days, a government report showed today.
The number of cars exported was 160,442 in February, down 1.6 percent from a year ago, according to the Ministry of Trade, Industry, and Energy. It was attributed to fewer business days as the Lunar New Year holiday fell in last month. In terms of value, car export gained 2.7 percent to 2.88 billion U.S. dollars on higher vehicle price. Shipment of car components dipped 2.8 percent to 1.64 billion U.S. dollars.
Automobile production declined 7.1 percent over the year to 257,267 vehicles in February on less working days. In the domestic market, car sales shrank 4.2 percent to 120,617 units last month. The sale of locally-made cars was down 1.3 percent, while imported vehicle sale tumbled 19.1 percent.
Tokyo stocks open higher!
TOKYO: Stocks opened here higher today, tracking gains on Wall Street due to optimism over US-China trade talks, with investors closely eyeing the US Federal Reserve’s meeting later this week.
The Nikkei 225 index added 0.65 percent, or 139.64 points, to 21,590.49 in early trade, while the broader Topix index climbed 0.43 percent, or 6.82 points, to 1,609.45.
Indian troops launch CASOs in Pulwama
ISLAMABAD: Indian troops launched cordon and search operations (CASOs) in different areas of Pulwama district in occupied Kashmir on Monday.
According to Kashmir Media Service, Indian troops launched door-to-door searches in Drabgam and Beighpora and Aripal areas of the district.
The troops comprising Rashtriya Rifles, Central Reserve Police Force and Special Operation Group cordoned off Beighpora early in the morning and conducted searches.
Door-to-door searches were carried out many times in the village after all the entry and exit routes were blocked with heavy deployment of Indian soldiers.
“People from many adjoining villages could not move out due to heavy deployment of Indian forces present in the area,” a resident said.
China officially bids for 2023 Asian Cup
SHANGHAI: China has formally submitted a bid to host the 2023 Asian Cup, state media said, another sign of the country’s determination to eventually stage a football World Cup.
China has hosted the Asian Cup once before, in 2004, but its latest attempt is significant because of President Xi Jinping’s stated desire for the country to hold a World Cup.
The World Cup tournaments for 2030 or 2034 have regularly been mooted as the most likely that China will go for.
Staging the 2023 Asian Cup would help prepare China for a World Cup, but it faces stiff competition from South Korea.
Having the Asian Cup again on Chinese soil will “promote the popularisation and development of football” in the country, Xinhua news agency said.
China reached the quarter-finals of the Asian Cup in the UAE at the start of this year, before going down 3-0 to Iran.
Fabio Cannavaro was named Marcello Lippi’s successor as coach of the national team on Friday.