United News of Bangladesh

Asian shares mostly fell on Wednesday after a sharp sell-off in technology stocks on Wall Street, while global oil prices climbed following fresh U.S. airstrikes linked to escalating tensions with Iran. The U.S. military carried out attacks early Wednesday after the crash of an Army helicopter near the Strait of Hormuz, an incident President Donald Trump blamed on Iran. Tehran rejected the accusation and warned it would respond, saying it “will leave no attack or threat unanswered.” The renewed escalation has raised concerns over prospects for a lasting ceasefire in a conflict that has already dragged on for more than three months. The uncertainty has further unsettled global markets, which were already under pressure from heavy selling in technology firms tied to the artificial intelligence boom. Oil prices resumed their upward trend amid fears over disruptions to the Strait of Hormuz, a key global shipping route. Brent crude rose 0.9 percent to 92.30 dollars per barrel after earlier fluctuations, having traded near 70 dollars before the conflict escalated in late February. U.S. benchmark crude gained 1 percent to 89.04 dollars per barrel. ING commodities strategists Warren Patterson and Ewa Manthey said the situation remains “highly volatile,” noting that efforts by Iran and the United States to secure a stable ceasefire and ensure free movement through the Strait remain uncertain. They also pointed out that seasonal demand typically supports higher oil prices at this time of year. In equities, U.S. futures edged lower after losses in major chipmakers including Micron Technology, Advanced Micro Devices and Marvell Technology. In Asia, South Korea’s Kospi dropped 4.7 percent to 7,720.59 after a strong rally in the previous session. Samsung Electronics fell 5.8 percent, while SK Hynix slid 6.3 percent. Japan’s Nikkei 225 declined 1.4 percent to 64,524.84 after data showed producer prices rose 6.3 percent in May, the fastest increase in more than three years. SoftBank Group shares fell 8.9 percent, while Tokyo Electron rose 5.3 percent. Hong Kong’s Hang Seng lost 1.1 percent to 24,296.62 and the Shanghai Composite slipped 0.7 percent to 3,980.24. Official figures showed China’s producer prices climbed 3.9 percent in May, close to a four-year high. Australia’s S&P/ASX 200 edged up 0.2 percent to 8,624.50. Taiwan’s Taiex was down 1.6 percent in early trade, while India’s Sensex rose 0.6 percent. On Wall Street on Tuesday, the S&P 500 fell 0.3 percent, the Dow Jones Industrial Average gained 0.2 percent, and the Nasdaq composite dropped 1 percent as technology stocks led losses. Micron, Marvell Technology and AMD all declined sharply during trading. Investors are also watching upcoming U.S. inflation data, with energy prices rising due to ongoing geopolitical tensions. In currency markets, the U.S. dollar was steady at 160.36 yen, while the euro traded at 1.1550 dollars.

The Pentagon has added several major Chinese companies, including Alibaba, BYD and Baidu, to its list of companies it says have ties to China's military, making them ineligible for US defense contracts. The updated list, released Monday, expands US scrutiny beyond traditional defense firms to include some of China's best-known private-sector companies. The move reflects growing concerns in Washington that Beijing is using the expertise and technology of civilian businesses to strengthen its military capabilities. The list was established in 2021 under a congressional mandate to identify Chinese companies believed to have links to the country's military. It includes not only firms directly controlled by military authorities but also those considered to support China's defense industry. The Pentagon has previously said that China's military seeks access to advanced technologies and expertise developed by businesses, universities and research institutions that appear to operate as civilian entities. China strongly criticized the decision. The Chinese Embassy in Washington accused the United States of misusing national security concerns to target Chinese businesses and called on Washington to provide a fair and non-discriminatory business environment for Chinese companies. Alibaba and Baidu rejected the Pentagon's claims. Alibaba said it is neither a military company nor part of any military-civil fusion program. Baidu, which has expanded into artificial intelligence and autonomous driving technology, described its inclusion on the list as completely unfounded. The latest update increases the number of companies on the Pentagon's list to 188, up from about 130 last year. The list already included firms such as DJI, one of the world's leading makers of consumer drones. Although companies on the list are not banned from operating in the United States, the designation can damage their reputation and may lead to additional restrictions in the future. Following the announcement, the House Select Committee on the Chinese Communist Party described the list as a warning to American businesses, government agencies and the public. The committee argued that Chinese firms on the list should be removed from US stock exchanges and that American companies should avoid doing business with them. The Pentagon said Alibaba supports China's defense industrial base through its ties to the country's Ministry of Industry and Information Technology. It also cited similar links involving BYD and Baidu. BYD, one of the world's largest electric vehicle manufacturers, has become a dominant player in the global EV market. Earlier this year, US President Donald Trump said he would welcome Chinese automakers such as BYD if they built factories in the United States and hired American workers. However, several US lawmakers continue to push for restrictions on Chinese-made electric vehicles. Another company newly added to the list is Unitree, known for its advanced robots that recently gained attention on the TV show America's Got Talent. The Pentagon said Unitree had received support from the Chinese government through programs designed to help innovative and globally competitive companies. BYD and Unitree did not immediately respond to requests for comment.

Asian stock markets fell sharply on Monday after a heavy sell-off in major technology shares dragged Wall Street to its worst day in months, while growing expectations of a possible U.S. interest rate hike added to investor concerns. Japan's benchmark Nikkei 225 dropped 4.5 percent to 63,604.15. The decline came after the Japanese government revised its first-quarter annual economic growth rate to 1.8 percent from an earlier estimate of 2.1 percent. Despite the drop, the Nikkei remains more than double its level from five years ago. Oil prices jumped after Israel carried out airstrikes early Monday targeting central and western Iran in response to missile attacks. Iranian state media reported explosions in Isfahan, Tabriz and Tehran. The latest escalation comes despite U.S. and Iranian negotiators reaching a preliminary agreement last week to extend a ceasefire. However, the deal has yet to be finalized, and the renewed violence has raised doubts about efforts to end the conflict. International benchmark Brent crude rose $4.55 to $97.64 per barrel, while U.S. benchmark crude gained $4.17 to $94.71 per barrel. Elsewhere in Asia, South Korea's Kospi plunged 8.2 percent to 7,493.34. Shares of  Taiwan's Taiex index declined 3.5 percent. Hong Kong's Hang Seng Index fell 1.7 percent to 24,527.22, while China's Shanghai Composite Index dropped 1.8 percent to 3,955.72. Markets in Australia were closed for the King's Birthday public holiday. Analysts said the latest downturn reflects concerns that technology stocks, particularly those linked to artificial intelligence, may have risen too far too quickly. On Friday, Wall Street closed sharply lower. The S&P 500 fell 2.6 percent to 7,383.74, marking its biggest one-day decline since October. The Dow Jones Industrial Average dropped 1.4 percent to 50,866.78, while the Nasdaq Composite slid 4.2 percent to 25,709.43. Investor sentiment was hurt by a stronger-than-expected U.S. jobs report showing the economy added 172,000 jobs in May. The data reinforced expectations that the U.S. Federal Reserve could raise interest rates later this year. Following the report, yields on U.S. government bonds rose. The yield on the 10-year Treasury note increased to 4.54 percent from 4.50 percent, while the two-year Treasury yield climbed to 4.16 percent from 4.04 percent. The Federal Reserve has kept rates unchanged in recent months while assessing the impact of inflation and trade-related pressures. Concerns over global energy supplies have also increased as the conflict involving Iran continues to disrupt oil shipments through the Strait of Hormuz. In currency trading, the U.S. dollar edged up to 160.27 Japanese yen from 160.25 yen, while the euro rose slightly to $1.1522 from $1.1515.

EATL Innovation Hub Ltd on Saturday night hosted an exclusive dinner and strategic discussion in honour of a delegation of British and Chinese business leaders and investors visiting Bangladesh. The event served as an important platform to strengthen international collaboration and explore new opportunities in trade, technology, infrastructure, education, healthcare, tourism and sustainable development. China to invest in 1,000-bed hospital in Sylhet, minister says The gathering brought together senior policymakers, government officials, international investors and business leaders committed to enhancing economic cooperation between Bangladesh, the United Kingdom and China. Civil Aviation and Tourism Minister Afroza Khanam, BNP Standing Committee Member Dr Abdul Moyeen Khan and Vice Chairman Altaf Hossain Chowdhury, and Managing Director of EATL Innovation Hub MA Mubin Khan, among others, spoke at the event. The visiting international delegation was led by Councillor Abdul Jabbar MBE, Deputy Leader of Oldham Council and Chairman of the Greater Manchester Bangladesh Partnership Board. The delegation also included Andrew McCulley of EmirGreen Capital, Chris Baldwin of Arkitekton Construction, Hou Chunlin, Chief Executive Officer of Visient Holding Limited, and Qiu Run, Chief Executive Officer of Sheng Kai International Limited. During the discussion, participants exchanged views on potential collaboration and investment opportunities in renewable energy, infrastructure development, education, healthcare, tourism and emerging technologies. Members of the delegation expressed strong interest in supporting Bangladesh through green energy initiatives, innovative financing solutions, technology transfer and workforce development programmes. Particular emphasis was placed on creating sustainable partnerships that can contribute to Bangladesh’s long-term economic growth and competitiveness in the global marketplace. Speaking at the event, Civil Aviation and Tourism Minister Afroza Khanam highlighted the government’s continued efforts to attract foreign investment, expand trade opportunities, strengthen infrastructure, accelerate digital transformation and position the country as a regional hub for business, connectivity and innovation.

Asian stock markets mostly declined on Tuesday as fresh fighting raised doubts over the stability of the US-Iran ceasefire, while US futures also slipped. Japan’s benchmark Nikkei 225 fell 0.3% to close at 66,734.24, while South Korea’s Kospi dropped 0.2% to 8,772.08. Australia’s S&P/ASX 200 edged down less than 0.1% to 8,724.40. In contrast, Hong Kong’s Hang Seng index rose 2.2% to 25,956.72 and China’s Shanghai Composite gained 0.4% to 4,075.34. On Wall Street, US stocks had earlier reached new record highs on Monday. The S&P 500 rose 0.3% to 7,599.96, the Dow Jones Industrial Average gained 0.1% to 51,078.88, and the Nasdaq Composite climbed 0.4% to 27,086.81. In bond markets, the yield on the 10-year US Treasury briefly climbed to 4.52% before easing to 4.46%. Oil price movements continued to influence global markets. Airlines in the US came under pressure as fuel costs rose, with United Airlines shares falling 2.6% and Alaska Air Group down 3.3%. In Asian trading, US crude oil fell 94 cents to $91.22 per barrel, while Brent crude dropped 90 cents to $94.08. Despite the decline, prices remain significantly higher than pre-conflict levels of around $70 per barrel. Market analysts say much depends on whether Washington and Tehran can reach an agreement to reopen the Strait of Hormuz, a key route for global oil shipments from the Persian Gulf. Analyst Stephen Innes said crude shortages have already forced refiners in Asia and Europe to cut production, warning that the impact is spreading across fuel supplies including petrol, diesel, jet fuel and other products. The latest tensions follow ongoing military exchanges, with the United States saying it struck Iranian radar and drone facilities after an American drone was downed, while Iran claimed it targeted US forces in Kuwait—claims Washington says were intercepted. In currency markets, the US dollar edged up to 159.72 Japanese yen, while the euro rose to $1.1654. Meanwhile on Wall Street, Nvidia shares jumped 6.2% after new product announcements by CEO Jensen Huang, helping lift broader market sentiment.

Stock markets in Japan and South Korea climbed to record highs on Monday, driven by strong gains in technology shares and optimism over the global artificial intelligence boom, while uncertainty over the Iran war ceasefire kept oil prices elevated. Oil prices rose more than 2% as investors closely watched ongoing U.S.-Iran talks, including discussions on reopening the Strait of Hormuz, a key route for global oil and gas shipments. Asian markets broadly advanced, with Japan’s and South Korea’s benchmark indexes hitting new intraday records. The rally was led by technology stocks, as investors continued to bet on strong demand for AI-related industries. Japan’s Nikkei 225 rose more than 1.3% and crossed the 67,000 level for the first time, reaching 67,231.28. Shares of SoftBank Group surged more than 9%, adding to recent record gains. In South Korea, the Kospi index jumped nearly 5% to an all-time high of 8,874.16. Shares of Samsung Electronics rose more than 9%. Official data also showed South Korea’s exports surged 53% in May, supported by strong global demand for semiconductors. Over the past month, Japan’s Nikkei has gained more than 12%, while South Korea’s Kospi has surged over 27%, reflecting strong momentum in regional equities. Elsewhere in Asia, Hong Kong’s Hang Seng index rose 0.9%, while China’s Shanghai Composite slipped slightly after weaker-than-expected factory activity data signaled slowing export demand. Australia’s S&P/ASX 200 also edged lower, while Taiwan’s Taiex and India’s Sensex posted gains. Market sentiment remains influenced by uncertainty over the future of the Iran conflict. Investors are watching whether a proposed ceasefire extension will hold, even as optimism around artificial intelligence and corporate earnings continues to support global equities, including on Wall Street. Brent crude oil rose 2.4% to $93.33 per barrel in early trading, up sharply from about $70 in late February before the conflict began. U.S. crude also climbed 2.8% to $89.76 per barrel. On Friday, Wall Street indexes closed at record levels, supported by strong gains in major technology stocks. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all posted fresh highs, led by companies tied to AI-driven demand. In currency markets, the U.S. dollar strengthened against the Japanese yen, while the euro weakened slightly.

Asian stock markets fell on Thursday as tensions rose following fresh US military strikes on Iran, which Washington described as defensive actions. At the same time, oil prices climbed by more than $2 per barrel after dropping sharply in the previous session, while US futures also edged lower. US officials said Central Command forces shot down four Iranian attack drones near the Strait of Hormuz. They also struck a drone control facility in Bandar Abbas that was preparing to launch another drone. These strikes came after earlier military actions earlier in the week. US President Donald Trump said Iran is “negotiating on fumes” and insisted that upcoming US elections would not influence his approach to ending the ongoing conflict, now in its third month. Asian markets under pressure In early trading, Japan’s Nikkei 225 fell 0.4%, while South Korea’s Kospi also dropped 0.4%. Hong Kong’s Hang Seng Index declined 1.4%, and China’s Shanghai Composite edged up slightly by 0.1%. Australia’s S&P/ASX 200 slipped 1.4%, while Taiwan’s main index also recorded losses. Analysts said uncertainty around US–Iran negotiations and the fragile ceasefire continued to weigh on investor confidence. “Markets remain cautious as it is still unclear whether a lasting deal can be reached,” said Tan Boon Heng of Mizuho Bank. He added that while both sides appear to avoid escalating tensions publicly, major disagreements remain unresolved. Oil prices rebound Oil prices, which had dropped sharply earlier in the week, rose again on renewed concerns over supply risks in the Middle East. Brent crude gained more than $2 to around $94 per barrel in early trading, while US crude also moved higher. Earlier, oil had fallen after hopes that a ceasefire between the US and Iran might hold, easing fears over disruptions in the Strait of Hormuz — a key global oil shipping route. Wall Street at record highs On Wednesday, US stock markets had closed slightly higher, with all three major indexes — the S&P 500, Dow Jones Industrial Average, and Nasdaq — reaching record levels. Shares of airlines and cruise companies rose as falling oil prices earlier in the week boosted expectations of lower fuel costs. Despite ongoing geopolitical uncertainty and inflation concerns, strong corporate earnings have helped support market gains. Currency movements In currency trading, the US dollar held steady against the Japanese yen, while the euro slipped slightly.

The European Union's apparel imports experienced an 11.27 percent negative growth during the January-February period of 2026, totaling €13.83 billion, according to the latest data from Eurostat. The contraction in the EU fashion retail market was driven by a 6.23 percent decline in import volume and a 5.38 percent decrease in average unit prices compared to the same period last year. Bangladesh, one of the primary apparel suppliers to the EU, took a significant hit as its garment exports to the bloc fell to €2.89 billion during the first two months of 2026, dropping sharply from €3.57 billion recorded in the corresponding period of 2025. EU delegation visits Apex factory, praises sustainability efforts The country registered a substantial 19.26 percent negative growth in export value to the EU, compounded by an 11.14 percent decrease in shipment volume and a 9.13 percent drop in unit prices. A month-on-month comparison reveals that in February 2026 alone, Bangladesh's apparel exports to the EU declined by 12.39 percent in value, 3.30 percent in volume, and 9.39 percent in unit prices compared to February 2025. "Exporters are grappling with severe margin compression, losing revenue on both ends due to fewer work orders and lowered per-unit prices amid global demand softness," said Mohiuddin Rubel, Former Director of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Additional Managing Director of Denim Expert Ltd. A broad-based downward trend was visible across almost all major manufacturing hubs supplying the European market. China, the largest apparel exporter to the EU, managed to increase its export volume by 1.34 percent, but still registered a 4.01 percent decline in total value, reaching €4.20 billion, due to a 5.27 percent drop in its unit prices. Among other major competitors, Turkey faced a massive 22.91 percent decline in its apparel exports to the EU, falling to €1.20 billion. Vietnam also remained in negative territory with a 2.06 percent  decline in export value, totaling €711.73 million, despite recording a 6.56 percent increase in its unit prices. Other key supplying nations, including India, Pakistan, and Cambodia, similarly mirrored the negative growth trend, reflecting persistent cost-of-living pressures and cautious consumer spending across the Eurozone.

Asian stock markets moved higher on Friday after modest gains on Wall Street, while oil prices continued to rise as uncertainty surrounding the Iran war persisted and diplomatic efforts showed little progress. Oil prices had dropped slightly in US trading on Thursday, helping ease pressure on global bond markets as Treasury yields fell. Earlier this week, rising yields had raised concerns about slower global economic growth and weaker demand for stocks, bitcoin and other investments. Japan’s Nikkei 225 jumped 2.7% to 63,352.44 after data showed inflation slowed to a four-year low of 1.4% in April, despite higher fuel costs linked to the war. South Korea’s Kospi index gained 0.6% to 7,860.59. In Hong Kong, the Hang Seng Index rose 1.2% to 25,685.65, while China’s Shanghai Composite Index added 0.5% to 4,096.24. Australia’s S&P/ASX 200 advanced 0.5% to 8,664.00. Taiwan’s Taiex climbed 1.5%, while India’s Sensex edged up 0.2%. Oil prices remained high due to concerns over disruptions around the Strait of Hormuz, a key route for global oil and gas shipments. Shipping activity in the area remains far below levels seen before the Iran war began in late February. Ongoing talks between the United States and Iran have also failed to provide clarity. Meanwhile, Republicans in Congress faced difficulties on Thursday in gathering enough support to block legislation that would force President Donald Trump to pull the US out of the conflict. Votes on the issue have now been pushed back to June. Brent crude, the global benchmark, rose 1.5% to $104.08 per barrel. Before the war started in February, it was trading around $70 per barrel. US benchmark crude gained 0.9% to $97.25 per barrel. “Markets are still looking for signs of progress in possible US-Iran negotiations,” ING commodities strategists Warren Patterson and Ewa Manthey said in a note Friday. “There are some hopeful signs, but uncertainty still dominates.” On Wall Street, the S&P 500 rose 0.2% to 7,445.72 on Thursday. The Dow Jones Industrial Average gained 0.6% to 50,285.66, while the Nasdaq composite added 0.1% to 26,293.10. Shares of Nvidia fell 1.8% despite reporting stronger-than-expected quarterly earnings driven by demand for artificial intelligence technology. Some analysts said the company’s stock may still be undervalued. Southwest Airlines rose 2.7% and American Airlines gained 4.9% after oil prices briefly eased before climbing again. Shares of Ralph Lauren surged 13.9% following better-than-expected quarterly results. In currency trading early Friday, the yield on the US 10-year Treasury note stood at 4.56%, down from above 4.67% earlier this week when inflation concerns linked to the war pushed yields sharply higher. The US dollar rose slightly to 159.02 Japanese yen from 158.98 yen. The euro slipped to $1.1613 from $1.1619.

Global stock markets traded mixed on Tuesday as uncertainty over the Iran war and its impact on oil supply continued to unsettle investors. European markets opened higher, with France’s CAC 40 rising 0.6% to 8,034.62, Germany’s DAX gaining 1.1% to 24,574.98 and Britain’s FTSE 100 up 0.6% at 10,384.15. In contrast, US futures pointed slightly lower, with the S&P 500 futures down 0.2% and Dow Jones futures slipping less than 0.1%. In Asia, Japan’s Nikkei 225 fell 0.4% to close at 60,550.59, erasing earlier gains despite government data showing the economy expanded for a second straight quarter in January–March, driven mainly by stronger-than-expected consumer spending. South Korea’s Kospi dropped sharply, ending 3.3% lower at 7,271.66 after falling more than 4% earlier in the session. Major stocks were hit hard, with Hyundai Motor falling 8.9%, LG Electronics down 11.7%, Samsung Electronics losing 2% and SK Hynix declining 5.2%, tracking losses in US tech shares. Elsewhere in the region, Australia’s S&P/ASX 200 rose 1.2% to 8,604.70, while Hong Kong’s Hang Seng gained 0.5% to 25,797.85 and Shanghai Composite added 0.9% to 4,169.54. In energy markets, US crude oil fell 63 cents to $108.03 per barrel, while Brent crude dropped $1.59 to $110.51 per barrel. Prices have been volatile amid concerns that the Iran war could disrupt shipping through the Strait of Hormuz, a key route for global oil transport. Brent crude had been trading near $70 before the conflict escalated. Prices briefly eased after US President Donald Trump signalled a pause on a planned military strike on Iran, saying “serious negotiations” were underway. On Wall Street overnight, the S&P 500 slipped 0.1%, the Dow gained 0.3% and the Nasdaq fell 0.5%. Investors are now awaiting earnings from major US companies, including Nvidia, Target, Home Depot and Walmart, due later this week. In currency trading, the US dollar rose to 159.08 yen from 158.84 yen, while the euro slipped to $1.1632 from $1.1657.