Japanese car giant said its operating profit plunged by 42% in the first quarter, after auto production was hit by Covid lockdowns and the global shortage of computer chips

The world's top carmaker could report a double-digit drop in first-quarter profit this week as supply-chain woes forced it to slash production targets three times last quarter.

Hino shares plunged almost 10% on Tuesday, after company probe reveals it found emissions data was falsified for 13 more years than already known

The Japanese currency was boosted by bets US interest rates are close to a peak after the world's biggest economy contracted in the June quarter

Denso's operating earnings of 63.6 billion yen ($473 million) for the three months to June 30 fell short of an average estimate of 81 billion yen

Retail sales rose in June - the fourth successive month of gains -  supporting the view that rising consumption and easing China lockdowns helped the economy return to growth

South Korea allows limited short-selling of locally listed stocks, but retail investors have complained that the practice mainly benefits big institutional and foreign investors

Its operating profit rose to 14.1 trillion won ($10.8 billion) for the quarter ended June 30 from 12.57 trillion won a year earlier, higher than the company's own estimate of 14 trillion won

Indonesia's chief economic minister Airlangga Hartarto met with Toyota vice-chairman Shigeru Hayakawa on Tuesday in Tokyo, the Jakarta ministry said

Server chips had been the only remaining bright spot in memory chip demand that drove SK Hynix to report a 56% jump in operating profit

China's zero-Covid policy, which has snarled supply chains and hurt production, prompted LGES to seek EV-battery factory sites elsewhere in Asia

Production had been halted at Changwon and No-2 Bupyeong factories after a supplier refused to supply auto parts since earlier this month