America's leading PC maker, HP is looking to revoke more than half of computer production away from China, and is also planning to set up a "backup" design hub in Singapore in an attempt to reduce geopolitical risks around China and Taiwan, Nikkei Asia reported.
Mergers and acquisitions in Asia-Pacific's finance sector are unlikely to pick up soon as economic uncertainties, higher funding costs and geopolitical risks dent dealmakers' confidence, according to an analysis by S&P Global Market Intelligence.
According to S&P Global Commodity Insights, the move is prompted by India's vulnerability to disruptions in the energy supply chain, especially in critical regions like the Red Sea and the Middle East.
Continuation of high-interest rates and stagnant growth in the global economy, coupled with geopolitical risks such as the conflict in West Asia, FSC said in the release that there are growing uncertainties for the Korean economy.