Asia Pacific

Benchmark Nikkei 225 tops 68,000 for first time as AI-driven buying frenzy shows no signs of slowing down.

Japan’s stock market has hit an all-time high as a global buying frenzy driven by AI shows no signs of slowing down.

The Nikkei 225 rose nearly 3 percent on Wednesday, lifting the benchmark index above 68,000 for the first time.

The latest surge continues a banner year for Japan’s stock market, which is up nearly 33 percent so far in 2026.

“Investor enthusiasm over the AI boom is helping drive Asian equity markets higher,” Khoon Goh, head of Asia research at ANZ, told Al Jazeera.

“While strong demand for high-end chips has seen the top semiconductor companies in Taiwan and South Korea rally strongly, this is also benefiting Japanese markets, which are also getting some tailwind from a weak yen.”

Japanese firms involved in the semiconductor business led the gains.

Tokyo Electron, Japan’s largest manufacturer of semiconductor equipment, soared as much as 14 percent in morning trading.

Advantest, which supplies testing equipment to the semiconductor industry, rose more than 5.5 percent.

Shin-Etsu Chemical, a supplier of silicon wafers used in integrated circuits, gained about 4 percent.

Softbank, which is heavily invested in AI models, chips and data centers, fell about 3 percent, after overtaking auto giant Toyota on Monday to become Japan’s biggest company by market capitalisation.

Ferocious demand for AI chips has been driving record-breaking rallies in stock markets across the globe, taking key indexes in the US, Japan, South Korea, Taiwan to record highs.

During the past month, three memory chip makers – South Korea’s SK Hynix and Samsung Electronics, and US-based Micron – entered the elite club of firms with a market capitalistion of at least $1 trillion.

Only 17 companies have hit the milestone, all but five of which are based in the United States.

Despite concerns about the sustainability of the sky-high valuations in the sector among some investors, tech companies are continuing to commit huge sums to AI-related infrastructure.

US tech giants are expected to spend about $800bn on AI-related capital investment in 2026, according to Goldman Sachs.

Google parent company Alphabet on Monday became the latest Silicon Valley giant to outline its AI-related investment plans, announcing that it would sell $80bn worth of shares to help fund expected capital expenditures of $180-190bn in 2026.

A swarm of drones lit up the evening sky near Taiwan’s Taipei 101 skyscraper in a dazzling display depicting a giant robot, a sports car, and Earth. The light show was part of Computex Taipei, one of Asia’s largest technology exhibitions.

Suggestions that criticism of the State of Israel is anti-Semitic in Australia risk hardwiring a dangerous confusion. Questioning the behaviour of a foreign state is not the same as denigrating or attacking a people who may have links with that state. The State of Israel is represented by its embassy in Canberra, not by the Jewish community in our cities and suburbs.

But the knee-jerk reaction to the attack on a Jewish celebration in Sydney is solidifying that confusion. On December 14, 2025, as Jewish families gathered near Sydney’s Bondi Beach to celebrate Hanukkah, two gunmen opened fire, killing 15 people and injuring many others in one of the worst attacks in Australia’s history. In response, the federal government set up a Royal Commission on Antisemitism and Social Cohesion, led by former High Court justice Virginia Bell. On April 30, 2026, the commission delivered its interim report, raising serious concerns about how we define anti-Semitism.

The commission has adopted the International Holocaust Remembrance Alliance (IHRA) working definition of anti-Semitism. The IHRA offers examples that include criticism of Israel as evidence of anti-Semitism. But such a broad definition collapses critical commentary on Israel’s policy in Gaza, its treatment of Palestinians in the West Bank and Israeli officials’ dehumanising comments about Palestinians into a racist attack on Australia’s Jews. How does that make sense to anyone?

This is not an abstract question. The blurring of these categories acts as a brake on public debate. It narrows the range of permissible language used to describe Israel’s conduct in Gaza, where Australians have watched entire neighbourhoods destroyed and tens of thousands of civilians killed.

The official line from governments in relation to Israel is that Israel has a “right to exist” and an obligation to defend its citizens, which appears to give Israel carte blanche to decimate the entire Gaza Strip and kill tens of thousands of Palestinians. But no other state enjoys this exceptional treatment. No other state can do what it wishes simply because it has a “right to exist”. Australia has that right, but that right has never shielded governments in Canberra from fierce criticism, whether over First Nations dispossession, offshore detention or climate inaction. When Prime Minister Kevin Rudd apologised to the Stolen Generations in 2008 for the wrongs past governments had done to Aboriginal and Torres Strait Islander people, Australia’s legitimacy as a state was not under threat. Rudd was reflecting the public mood by distancing his government from the policies of the past. It was not seen as challenging Australia’s right to exist.

Yet in debates about Israel, the invocation of the “right to exist” and anti-Semitism operates as a conversation stopper. It closes the door to a frank discussion about the State of Israel and its behaviour. We cannot talk about occupation, apartheid and war crimes because that is anti-Semitic. This is a troubling precedent that insulates Israel from moral and political accountability.

The commission was established in response to a real and deeply upsetting surge in anti-Semitic violence. But its framework could cast suspicion on genuine inquiry into the behaviour of Israel. It entrenches a form of exceptionalism that actually weakens Australia’s democratic norms.

A liberal society must be able to draw a clear line: hatred, discrimination or violence against Jews is anti-Semitic and unacceptable; criticism of a foreign government is not.

There is also a cost to Jewish Australians when that line is blurred. Public debate routinely treats “the Jewish community” as a single, pro-Israel bloc, represented by a handful of bodies. This is simply not true. Many Australian Jews are alarmed to see the destruction of Gaza in their name. Some have mobilised against Israel’s actions.

To assume unanimous Jewish support for Israeli actions is to deny Jewish Australians their agency. Worse, it risks casting Jewish dissenters as inauthentic. If the policy settings shaped by this commission casts such voices as anti-Semitic, they will be erased twice over: excluded from the definition of the community and penalised for speakingup. This is silencing dissent, masquerading as protection.

If public institutions reinforce the idea that criticism of Israel is criticism of Jews, they risk feeding anti-Semitism.

Images of Gaza’s destruction on the news have galvanised global public opinion. Many young Australians have marched for an end to Israeli policies and freedom for Palestine. The message that such protests against Israel are anti-Semitic could not be any more counter-productive and harmful for Australian democracy. That will only breed resentment against the Australian political system for ignoring what everyone sees on their TV screens, and, dangerously, feed the very anti-Semitic narratives the commission should be challenging. Those who already hold anti-Semitic views will feel confirmed in their belief that Jews act collectively through Israel. The commission cannot afford to fall into this trap.

To the credit of the Australian Broadcasting Corporation (ABC) and the Special Broadcasting Service (SBS), they have avoided the conflation of Israel and Jewish people and have not adopted the IHRA definition. The interim commission report has not embraced the most heavy-handed proposals in circulation; there is no rush to ban protest slogans or criminalise political expression. There is room for optimism that the commission can still address the issue in its final report.

Here are the standards it needs to uphold to protect social cohesion in Australia:

First, an unambiguous distinction between anti-Semitism and criticism of Israel. Second, a recognition of the diversity of Jewish opinion, including among those who oppose Israel’s actions, and the inclusion of those voices in efforts to combat anti-Semitism. Third, a defence of political space for Palestinians and their allies to describe their experiences of occupation, dispossession and siege in their own terms, while  rejecting any dehumanising or racist language about Jewish people.

Anti-Semitism in Australia is a threat to the Jewish community (regardless of political views) and the very foundation of our social cohesion. But seeking to address the scourge of anti-Semitism by conflating critical views of the State of Israel with hatred of Jews will only make matters worse. Such approach will suppress debate, limit freedom of speech and inquiry that has already led to self-censorship at our universities and entrench the very confusion that sustains anti-Semitism.

The views expressed in this article are the author’s own and do not necessarily reflect Al Jazeera’s editorial stance.

Nvidia is set to bring artificial intelligence to laptop and desktop computers with brands like Microsoft and Dell later this year as the US tech giant broadens its AI presence.

The Santa Clara, California-based AI chipmaker unveiled on Monday at its annual Nvidia GTC event in Taipei new powerful chips that would bring advanced AI functions to laptops and desktop computers.

CEO Jensen Huang said that the new development is “going to reinvent the PC [personal computer]”.

The changes come amid three years of collaboration between Microsoft and Nvidia and pit the latter against companies like chipmaker Advanced Micro Devices and personal computer brands Intel and Apple.

“This is going to be the new PC,” Huang said as he unveiled Nvidia’s RTX Spark superchip — which combines CPU, or central processing unit, and GPU, or graphics processing unit, capabilities — that would power new Windows laptop and desktop computer models in what the company called “AI personal computers”, expected to debut in the fall of this year.

The chip, developed with Taiwan’s MediaTek, will be in compact desktops from Dell, HP, Lenovo, ASUS, Microsoft Surface and MSI, with models from Acer and GIGABYTE to follow.

Nvidia, which is already the world’s most valuable company, said the reinvention will be for creating and gaming.

“When it has an autonomous [AI] agent, an agent that’s helping you, that understands you, you could talk to it. It could look at you. You could ask it to read files, go help you do some research. It could do a lot more,” Huang said.

Microsoft said in a separate statement that the personal computers running on Nvidia’s RTX Spark superchips would be able to support “highly capable AI models” and complex workloads. With the new superchips, these personal computers can run AI agents locally, Nvidia said.

“This is the first across the lineup of PC reinvention for 40 years,” Huang said.

Nvidia’s move is significant at a time when demand is growing for the use of personal AI agents, said Lian Jye Su, chief analyst at the technology research and advisory group Omdia.

“For consumers, it means more choices, which is always a good thing,” Su said.

Neil Shah, analyst and co-founder of Counterpoint Research, described Nvidia’s announcement as a move that’s “revolutionising how PCs would look like in the next 10 years”.

The new laptops and desktop computers “will drive agentic AI applications in every home”, Shah said, with an aim of having an “AI supercomputer” in each household.

Also during Monday’s speech, Nvidia’s Huang said its new Vera CPUs for data centres are in full production and are “going to be our new major growth driver” on the boom of AI agents, with early customers including Anthropic, OpenAI and SpaceXAI.

Huang also revealed a humanoid robot reference design that could act as a blueprint for future research, especially within the higher education sector. Nvidia said its “Isaac GR00T” stands nearly 1.83 metres (6 feet) tall and has the humanoid chassis of Chinese robot maker Unitree’s H2. It is equipped with five-fingered dexterous hands, made by Singapore-based robotics startup Sharpa, that are capable of finely controlled movements.

Reception for AI PCs has been mixed so far. HP reported last week that the devices helped prop up quarterly sales, but Dell said earlier this year that demand had fallen short of initial expectations. Qualcomm, looking to capitalise on AI demand, has also been offering AI PCs with Microsoft.

On Wall Street, Nvidia stock rose nearly 4 percent on the news in midday trading. Microsoft ticked up 2.5 percent and Dell surged 9.3 percent. Competitors AMD and Intel, on the other hand, are on the decline. AMD is down 0.1 percent from the market open, and Intel is down by 2.5 percent.

India says it will continue engaging with Myanmar after Prime Minister Narendra Modi spoke with Min Aung Hlaing, the leader of the country’s military government, in New Delhi.

Indian Foreign Secretary Vikram Misri told reporters on Monday that India’s policy is “not intended to be a commentary on the internal political arrangements” in Myanmar and that New Delhi believes engagement is the best way forward.

Western nations have sought to isolate Myanmar’s military rulers since they overthrew the elected government of Aung San Suu Kyi in a 2021 coup that triggered a crackdown on opponents and a brutal civil war.

The conflict began when the country’s army leader, Min Aung Hlaing, ousted the government and detained civilian leaders, including Nobel Peace Prize laureate Aung San Suu Kyi.

Some critics and human rights groups have said Min Aung Hlaing’s visit to India risks lending legitimacy to the military-backed government.

“We have always proceeded on the principle that sustained dialogue is what is important,” Misri said, adding that isolating Myanmar would be counterproductive.

“History has shown that disengagement doesn’t give us any results that are better than engagement.”

The visit is Min Aung Hlaing’s first to India since he was sworn in as president in April following an election that critics say was designed to cement his hold on power. His last visit to India was in 2019, when he served as Myanmar’s military chief.

He arrived in India on Saturday, first in the eastern state of Bihar, with a visit to the Buddhist pilgrimage site of Bodh Gaya, where believers say that the Buddha attained enlightenment.

India shares a 1,643-kilometre (1,020-mile) border with Myanmar and a maritime boundary in the Bay of Bengal.

Strategic partnership

Myanmar is also strategically important to India’s security interests. The two countries have cooperated on border security and intelligence sharing to combat armed rebel groups.

Modi and Min Aung Hlaing did not address the media after their meeting, as usually occurs after most bilateral talks involving visiting heads of state or government in New Delhi.

But Misri said the two leaders discussed trade, defence and security cooperation, border management, and regional issues, with talks also focusing on expanding economic and technology ties. He said both sides agreed to deepen collaboration across sectors, including trade, energy and critical minerals, and to accelerate major connectivity projects.

Min Aung Hlaing is expected to hold talks with business representatives during his five-day visit, and will travel to the financial hub, Mumbai.

Bilateral trade was $1.95bn in 2025-2026, according to New Delhi.

The leaders also discussed cooperation against cybercrime and human trafficking, issues that have affected thousands of Indians lured to scam centres in the region.

Misri said India and Myanmar have worked together to rescue more than 2,400 Indian nationals over the past 18 months.

Resistance groups formed after the 2021 coup have captured swaths of Myanmar. Others sought out and fought under the leadership of ethnic armies in exchange for training and weapons with which to fight the military.

These resistance groups, known as the People’s Defence Force (PDF), nominally operate under the leadership of the National Unity Government (NUG), a shadow government formed by Myanmar lawmakers removed by the military coup.

Zin Mar Aung, the foreign minister of the NUG, wrote a letter to Subrahmanyam Jaishankar, the minister of external affairs for India, on May 28, expressing concern about the visit.

“Since the military coup of 2021, which overturned the democratic will of the people, Myanmar has endured prolonged conflict, instability, and immense humanitarian suffering,” she said.

“India has long championed democratic governance, the rule of law, and regional stability. We therefore urge the Government of India to weigh carefully the broader implications of formal engagement that may normalise or legitimise military rule in Myanmar.”

Rescuers face heavy rains, equipment failures in search for two people trapped in central Laos cave by flash floods.

Heavy rains have threatened to delay the search for two people who remain missing in a flooded cave in Laos, after five others were rescued after being trapped underground for more than a week.

Finnish diver Mikko Paasi, one of the first international rescuers to arrive at the site, told The Associated Press news agency that rains on Sunday had filled the cave up to the second chamber, preventing divers from entering until pumps can lower the water level.

A drainage pump also broke, making the situation even more difficult, said fellow diver Yoshitaka Isaji of Japan.

Rescue teams from Laos and neighbouring Thailand have been working together over the past week to rescue the trapped villagers, alongside divers from countries including Finland, Malaysia, Japan, Indonesia, France and Australia.

Seven people entered the cave in a remote mountainous area of central Xaysomboun province last week to look for valuable minerals such as gold, before being trapped by a flash flood that blocked their way out, according to local media reports.

One other person escaped and alerted the authorities.

A Laotian rescue group said on Sunday it had received “substantial” information on the cave system from the five men who were rescued earlier this week. “The hope is that today’s mission will locate both remaining victims,” the group wrote on social media.

The rescued men were being treated at a local hospital and were doing well, Malaysian diver Lee Kian Lie, who is taking part in the operation, told AP.

“We interviewed them about how the deeper part of the cave looks like. We will continue to search based on the information we have, and perhaps we will be able to get to the other two,” he said.

Rescuers said they navigated more than 200m (650 feet) into the cave and discovered five chambers in the system. The five people rescued so far were found in the fifth chamber.

Paasi, the Finnish diver, told AP that the survivors reported a narrow crack in the fifth chamber that could be a passage leading to a deeper part of the cave system.

“This was the only place that we haven’t checked in the mine, where the two lost miners could still be,” he said in a video interview.

The five men who were rescued – identified by their first names as Khamla, Mued, Ee, Ing and Laen – were first found last Wednesday.

The first man was safely extracted on Friday, guided through a narrow flooded passage by an expert diver. The remaining four left the cave on Saturday, after the water receded enough for them to walk out on their own, rescuers said.

Videos posted online on Saturday showed emotional moments as the men emerged one by one from the cave. Some collapsed on the ground at the cave’s entrance, and were hugged by a group of workers who cried with joy.

Later moments showed them lying on stretchers, wrapped in foil blankets and fitted with oxygen masks before being transported out.

Defence Minister Shinjiro Koizumi accuses China of lacking military transparency and stresses the importance of dialogue for regional stability.

Japanese Defence Minister Shinjiro Koizumi has dismissed claims that Tokyo is pursuing “new militarism” and accused China of rapidly expanding its military with limited transparency.

China continues to increase its defence spending at a high level, Koizumi said on Sunday at the Shangri-La Dialogue in Singapore.

“China’s external approach and military activities are matters of serious concern for ⁠Japan and the international community at the same time,” he added.

“Think about it. There’s a country that has a huge arsenal of nuclear weapons and strategic bombers. Japan has neither of such weapons, and yet Japan is labelled ‘new militarism’?”

Koizumi said Japan’s record since World War II “speaks for itself”, citing its adherence ‌to international law and commitment to the United Nations Charter alongside efforts to uphold a “free and open international order”.

In May, China’s Ministry of Foreign Affairs called on Asia Pacific countries to be vigilant and “jointly resist the reckless actions of Japan’s neo-militarism”.

At the Singapore forum, Chinese delegate Major General Meng Xiangqing criticised Japan.

“I deeply doubt whether a country that has not thoroughly eradicated the toxic legacy of militarism is qualified to talk extensively about defence cooperation on international occasions and whether it can win the trust of the international community, especially ⁠the Asian countries it once invaded,” he said.

Ties between Japan and China sank to ⁠their worst level in years after Japanese Prime Minister Sanae Takaichi warned in November that a hypothetical Chinese attack on Taiwan could draw a Japanese military response.

China claims Taiwan as its own territory over the objections of the island’s government.

Koizumi said transparency comes from “discussion and dialogue” and lamented that China had not sent its defence minister to the conference, but he insisted Japan remains open to engagement.

“We keep the door open,” he said, reaffirming Japan’s ⁠commitment to dialogue with China and other regional players to foster stability.

As China has been rapidly expanding and modernising its military, Japan has been reshaping its own defence policy. Last month, Takaichi’s cabinet scrapped a ban on lethal weapons exports, a major change in its post-war pacifist policy.

Japan pushes for unity

Separately on Sunday, Koizumi praised US Secretary of Defense Pete Hegseth for his commitment to the Asia Pacific but at the same time stressed the continued need for strong coalitions globally.

“Division weakens deterrence. Unity strengthens deterrence,” he told the conference in Singapore.

“If gaps emerge among the United States, Europe and allies and like-minded countries, forces which take it as an opportunity will surely come in,” he said.

“We must prevent such a situation. We must keep our cooperation going on. Now is the time to make our cooperation even stronger.”

US President Donald Trump has been harsh about fellow members in NATO, and the comments at the Shangri-La conference came the day after Hegseth again chided Western European allies at the forum for not devoting enough resources to defence.

Divers in Laos have rescued four more villagers trapped in a flooded cave. The first survivor was pulled out on Friday. Two more men remain missing. They entered the cave to look for gold before flash floods blocked their escape 10 days ago.

Qatar’s Deputy Prime Minister Sheikh Saoud bin Abdulrahman bin Hassan bin Ali Al Thani has told the Shangri-La Dialogue that his country would oppose a permanent toll for passage through the Strait of Hormuz.

He added that Qatar would find a temporary fee negotiable, if it was to be used to help reopen the waterway, by removing sea mines, for example.

Videos show Indonesia’s Mount Merapi spewing a column of ash around 2 kilometres high in West Sumatra’s Tanh Datar District. Authorities have enforced an “exclusion zone” within a 3-kilometre radius around Mount Merapi since an eruption in 2023.

Five of seven men who entered cave seeking gold are now out after being trapped for 10 days.

Rescuers have pulled four more men from a flooded cave in central Laos, bringing to five the number freed from a group of villagers who became trapped while searching for gold. Two others remain missing.

The four were brought out on Saturday, a day after the first man was rescued, ending a period of about 10 days during which the group was cut off underground.

The Thailand Rescue Diver Facebook page said that “rescue officials were able to bring out four more people trapped” at about 3:10pm (08:10 GMT).

Rescuers said the water inside the cave had finally dropped low enough for the men to walk and swim out alongside the divers who had reached them.

The operation has drawn diving teams from several countries, but the danger is far from over, with two members of the group still unaccounted for deep inside the flooded passages.

Lao and Thai rescue groups posted images of the men being carried out on stretchers, caked in mud, wearing oxygen masks and wrapped in foil blankets.

Footage shared online showed some of them collapsing as they emerged, before being embraced by rescuers.

The five had been located alive on Wednesday, huddled on a rocky ledge in a chamber about 300 metres (980 feet) from the entrance. Unable to bring them out straight away, rescuers passed in water, soft food and blankets to keep them going.

“The first one is out. Safe and sound!!!” Manat Artmongkron, a technician with a Thai rescue group, wrote on Facebook after the first evacuation on Friday.

Divers described treacherous conditions in the narrow, flooded tunnels, where visibility was almost nil. One stretch was a 25-metre passage too tight to turn around in.

The group had entered the cave around May 19 or 20, to look for gold and other minerals, according to local officials, before heavy rain triggered flash flooding that sealed off their way out.

An eighth villager who escaped in time alerted the authorities to those left behind.

Rescue teams said they were now preparing to push deeper into the cave – about 20 to 25 metres beyond where the survivors were found – to look for the two missing men, though that section remained heavily flooded.

Local officials said residents of the remote, mountainous province of Xaisomboun often forage for a living and enter such caves in search of gold, despite repeated warnings about the risks.

Divers in Laos have rescued the first of five villagers trapped in a flooded cave for more than a week. The men entered the cave to look for gold before flash floods blocked their escape. Two other villagers are still missing.

Erin Patterson was found guilty of killing three family members as she served them a lunch laced with poisonous fungi.

An Australian court has confirmed that an appeal hearing for Erin Patterson, commonly referred to as the “mushroom murderer,” will be held in August.

The Supreme Court of Victoria announced on Friday that the hearing will take place on August 19 and 20. Patterson’s lawyers formally applied to appeal her life sentence in November, arguing that there had been a “substantial miscarriage of justice” during her trial.

Patterson was sentenced to life in prison in September after being found guilty of murdering three of her estranged husband’s relatives by serving them a lunch laced with poisonous fungi.

During the two-day hearing, the court will also consider an appeal from prosecutors, who argue that her sentence, which allows her to be considered for parole after 33 years, is “manifestly inadequate”.

Prosecutors unsuccessfully argued during the trial that her sentence should have been life imprisonment without parole.

In July, a jury found Patterson guilty of killing her estranged husband’s parents after serving them a lunch of beef Wellington laced with toxic mushrooms.

The case attracted worldwide attention, with more than 250 journalists registering for updates from the court, and the judge deciding to broadcast the sentencing live.

Both Gail Patterson and Donald Patterson died in August 2023. Patterson was also found guilty of murdering Gail’s sister, Heather Wilkinson, who died that same month, and of attempting to kill Wilkinson’s husband, Ian. He spent seven weeks in hospital following the poisoning and received a liver transplant.

Patterson is appealing her conviction on seven grounds, including what her lawyers described as a “fundamental irregularity” relating to the sequestration of the jury, who stayed in the same hotel as key figures in the case, including a police witness and two prosecutors.

Patterson’s lawyers also argue that several pieces of evidence presented during the trial were either irrelevant or unfairly prejudicial, and that the prosecution’s cross-examination of her was “unfair and oppressive”.

Patterson maintains her innocence, arguing that the poisoning was accidental.

Indonesian authorities have shut down several screenings of a new documentary about alleged human rights abuses in Papua, including Indigenous land seizures. Al Jazeera’s Jessica Washington explains the controversy.

Taipei, Taiwan – For Li, an engineer at Taiwanese computer giant ASUS, the AI boom sweeping Taiwan has made it an exciting time to work in tech.

Taiwan is a semiconductor powerhouse, producing about 90 percent of the most advanced chips used to power leading AI models such as ChatGPT and Claude.

“I’ve felt Taiwan’s tech and computer industry becoming more vibrant,” Li, who asked not to be identified by his real name, told Al Jazeera, pointing to events such as the upcoming Computex tech and AI expo running from June 2 to 6.

Still, Li worries that the spoils of Taiwan’s AI windfall are not being shared equally.

“Most industries unrelated to tech don’t seem to be feeling the benefits, so it doesn’t feel evenly distributed at the moment,” Li said, explaining that many of his former classmates working outside of tech do not appear to be doing as well.

“It’s mainly the industries at the front of this tech wave that are benefitting.”

Taiwan’s economy is growing at a pace that would be the envy of any country.

Gross domestic product (GDP) rose 8.63 percent in 2025, followed by a heady 13.69 percent expansion in the first three months of this year.

Exports surged 34.9 percent last year to $640.7bn, with more than two-thirds of the total being tech-related goods and services.

Semiconductors alone account for more than 20 percent of Taiwan’s GDP, according to US trade data, with the vast majority of production handled by Taiwan Semiconductor Manufacturing Company (TSMC), whose top customers include Nvidia and Apple.

TSMC by itself accounts for more than 40 percent of the value of the island’s stock market.

While impressive, the rapid economic expansion has raised concerns about being overreliant on the growth of AI.

Taiwan’s Central Bank Governor Yang Chin-lung has sounded the alarm about an emerging “K-shaped economy,” where certain sectors grow rapidly while others fall into stagnation.

While critical to Taiwan’s economy, the semiconductor industry is far from the largest source of jobs.

The sector employs only about 300,000 people in a workforce of 11 million, according to data compiled by Dachrahn Wu, director of National Central University’s Research Center for Taiwan Economic Development.

The broader electronics and IT manufacturing industry employs about one million people, compared with about seven million working in the service sector, according to Wu’s data.

The heavy reliance on a single industry for growth marks a shift from the Asian Tiger era of the 1960s to 90s, when Taiwan’s economy was driven by hundreds of thousands of small and medium-sized enterprises (SMEs), according to James Lin, a historian who specialises in Taiwan’s post-war economic transformation.

“From the 1970s to 1990s, economic growth was concentrated in the hands of small and medium family enterprises that exemplified the ‘living room factory’ model, where family-owned businesses focused on producing one part for a consumer product,” Lin told Al Jazeera.  

“The benefits of this period were thus more widely distributed across Taiwanese society,” Lin said.

“By contrast, today, wealth inequality is growing in Taiwan as land is becoming more expensive and large corporations like TSMC attract the lion’s share of foreign capital investment rather than small corporations.”

Alicia Garcia Herrero, chief economist for Asia Pacific at French investment bank Natixis, said Taiwan’s economic model has left it at risk of becoming a “dual society” where tech sweeps up talent, funding and resources at the expense of other industries.

“It’s very hard if you’re not in [the semiconductor] sector in Taiwan right now,” Garcia Herrero told Al Jazeera, pointing to low wages for workers in non-tech roles and rising costs for businesses.

Some of Taiwan’s challenges are out of its control, said Chao-Hsi Huang, associate dean at the Taipei School of Economics and a former director at Taiwan’s central bank.

Those challenges include US President Donald Trump’s tariffs, which have partially exempted semiconductors but hit exporters in non-tech industries.

“The traditional [manufacturing] sector suffers higher tariffs than other competing countries like Korea or Japan, or even Southeast Asian countries, due to the fact we are not able to sign free trade agreements,” Huang told Al Jazeera.

“We are treated differently, and that’s a difficulty we are facing.”

Critics have placed other issues on the shoulders of the government, including a weak currency that has made exports more competitive but chipped away at consumers’ purchasing power.

Taiwan’s government denies engaging in currency manipulation, though it acknowledges intervening in the market to smooth out “volatility” when the new Taiwan dollar falls or rises sharply against other currencies.

After two decades of stagnation through the 2010s, wages are growing again – albeit unevenly.

Real average wages grew 1.4 percent in 2025, while median wages rose 1.35 percent, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS).

Still, 70 percent of Taiwanese earned less than the average, a statistic attributable to the distorting effect of much higher salaries in the tech sector, where pay is nearly double the national average.

For Taiwanese frustrated with stagnant pay, Taiwan’s soaring stock market has offered some consolation.

Riding the AI boom, the Taiwan Stock Exchange (TWSE) more than doubled in value between 2019 and 2025 to $2.2 trillion, according to HSBC.

Regulatory changes introduced in 2020 made it easier for small-time investors to buy single stocks, encouraging a rush of everyday Taiwanese into the market.

In January, the TWSE reported that the number of trading accounts had reached 13.77 million – equivalent to 60 percent of Taiwan’s population – while hailing the bourse as a “cornerstone for inclusive prosperity and shared growth”.

Though more equal than neighbours such as Singapore, Hong Kong and China, Taiwan’s wealth divide has grown over the decades.

In 1980, Taiwan had a Gini coefficient of 0.308 – a measurement of wealth distribution where 0 indicates perfect equality – putting it on par with contemporary Norway, according to the DGBAS.

By 2024, Taiwan’s Gini coefficient had grown to 0.341 – lower than many countries but still a significant rise.

“I feel that the benefits of economic growth haven’t been distributed evenly,” Ryan, an engineer in the local tech sector who asked not to be identified by his real name, told Al Jazeera.

“Some industries or asset holders benefit significantly, but ordinary office workers often experience a rise in prices and housing costs, rather than an easier life,” he said.

Wei-ting Yen, an assistant research fellow at the research institution Academia Sinica, said while the semiconductor and stock market booms have helped some Taiwanese, they have heightened the angst of others.

In a survey of 1,195 Taiwanese voters carried out last month, 40 percent said their household was financially either “anxious” or “very anxious” due to rising living costs, particularly housing.

“I think subjectively, they’re anxious that they’re not accumulating wealth and it’s not enough to help them buy a house or an apartment,” Yen told Al Jazeera.

“Housing prices have been going crazy worldwide, and the stock market has been going crazy, [but] for people who do not have extra money to invest in those two options, it creates even more frustration and anxiety around them,” she said.

Australian Federal Police have not made any arrests but say inquiries are ongoing.

A group of 19 women and children with alleged links to ISIL (ISIS) has returned to Australia, with the government warning that anyone found to have engaged in criminal activity will be prosecuted.

The six women and 13 children arrived from a Syrian refugee camp on Tuesday, with one group landing in Sydney and the other in Melbourne.

It is the second cohort of Australian women and children to return from Syria this month. Responding to criticism over their arrival, the Australian government said it had not assisted them in any capacity.

“These are people who have made the horrific choice to join a dangerous terrorist organisation and to place their children in an unspeakable situation,” Minister for Home Affairs Tony Burke said.

Australian women began travelling to Syria to marry members of ISIL in 2012, with some allegedly taken against their will.

At the height of its power in 2015, ISIL controlled territory across Syria and Iraq roughly equivalent in size to the United Kingdom.

Australian Federal Police did not arrest any members of the group upon their arrival but said that investigations were ongoing.

The group’s return has sparked anger in some sections of Australian society.

According to local media, a large police presence was deployed at Melbourne airport, where a scuffle reportedly broke out as the group of women and children was escorted out through a side entrance.

Australia is one of several Western countries that have shown reluctance to repatriate citizens who travelled to the Middle East to join ISIL about a decade ago.

Both France and the UK have expressed opposition to allowing former ISIL members to return.

In 2022, the UN Committee on the Rights of the Child said that France’s failure to repatriate children born to French nationals in Syria violated their right to life and exposed them to inhumane treatment.

Meanwhile, the UK stripped British national Shamima Begum of her citizenship in 2019 on national security grounds.

In February, the Australian government issued a temporary exclusion order against a woman in Syria, preventing her from returning home.

Her child, who was not barred from returning, chose to stay with her.

The order prevents the woman from returning to Australia until February 2028, and her family is currently challenging the decision.

Afzal Ashraf, a visiting fellow at Loughborough University specialising in international relations and security, said the risk posed by people returning from countries including Syria needs to be viewed proportionately.

“There will be some security challenges, because people like this are likely to suffer from issues such as PTSD,” Ashraf told Al Jazeera.

“The fact of the matter is that there are security challenges in Australia and other countries, but statistically speaking, the return of these nationals doesn’t increase that risk very much, while the threat to life from terrorism is far lower than the threat posed by road accidents, for example.”

“That said, these threats can be reduced by providing comprehensive mental health support for returnees and ensuring they are reintegrated into society in a positive way, with follow-up programmes to address any dangerous ideas they may have adopted,” Ashraf said.

“It’s worth remembering that ISIL has killed far more Muslims than Westerners.”

Earlier this month, four women and 13 children arrived in Australia from Syria. Three of the women were arrested upon arrival.

An eyewitness captured the moment a car fell into a river as a bridge collapsed in China. Local media says the vehicle had broken down and couldn’t reverse, and the occupants got out before floodwaters swept it away.

Coffee chain has seen ‘very significant’ drop in sales after campaign that evoked deadly crackdown, local operator says.

Starbucks Korea has suffered a “very significant” drop in sales after a marketing campaign that evoked a brutal 1980 military crackdown on pro-democracy protesters triggered a public outcry, according to the coffee chain’s local operator.

Shinsegae Group, whose subsidiary E-Mart owns the coffee chain in South Korea, has faced mounting criticism over its so-called “Tank Day” campaign, launched on the anniversary of the May 18 Gwangju Uprising, when the military government deployed troops and tanks to suppress pro-democracy demonstrations.

In a news conference on Tuesday, Shinsegae Group chairman Chung Yong-jin made a public apology and asked people not to take out any anger on Starbucks Korea employees and front-line staff.

“I take it very seriously, the fact that many people felt deep pain and anger because of Starbucks Korea’s inappropriate marketing campaign,” Chung said.

“I will take all responsibility for the incident.”

Chung also asked people not to take out their frustration on staff at Starbucks shops, saying the responsibility lies with management. There were no immediate reports of major incidents at stores.

Chung issued his first apology on May 19, saying in a statement that the campaign caused “deep pain to the victims and bereaved families of the May 18 Democratization Movement as well as to the public”.

Shinsegae fired the head of Starbucks Korea last week after apologising over the campaign. Starbucks Global also apologised and said that an investigation had begun.

A Shinsegae official said sales had fallen sharply since the marketing controversy.

“While sales are not our main concern at the moment, we have seen a very significant drop,” said the official.

At Tuesday’s news conference, Jeon Sangjin, a senior Shinsegae Group executive, said the company had yet to find conclusive evidence that Starbucks Korea marketing employees intended to mock the pro-democracy movement, an accusation the employees have denied.

However, he said some employees refused management requests to hand over their smartphones during a weeklong internal review.

Jeon said the company would look at the results from the police inquiry, and any employee found to have intended to ridicule protesters would be fired.

The anger over the campaign has triggered public calls for boycotts, amplified by government officials, including Interior and Safety Minister Yoon Ho-jung, who said Starbucks products will no longer be used at government events and lamented the chain’s “anti-historical behaviour”.

The country’s president, Lee Jae Myung, said on X last week that the campaign displayed “inhumane and disgraceful behaviour by cheap profiteers who deny the values of the South Korean community, basic human rights and democracy”.

Hundreds of people are estimated to have died ⁠or gone missing when Chun Doo-hwan’s military government cracked down on the protests in Gwangju.

Many details remain unconfirmed, including who gave the order to open fire.

Australian activists from the Gaza-bound aid flotilla have arrived back in Sydney, reuniting with loved ones as they describe beatings, sexual assault and torture at the hands of Israeli forces who intercepted their boats in international waters.

The man was rushed to ⁠shore after being bitten on Sunday near ​Kennedy Shoal, but died shortly afterwards.

A man has died after a shark attack off the coast of Queensland in northeast Australia, police say.

The man was rushed to ⁠shore after being bitten on Sunday near Kennedy Shoal, a shallow reef about 45km (28 miles) off the coast, a Queensland Police Service spokesperson said.

The man was met by an ambulance but died shortly afterwards, the spokesperson said without identifying him.

According to local media, beaches in the area have been closed while police assess safety conditions.

The incident is the second fatal shark encounter in Australia in a little more than a week.

On May 16, a 38-year-old man died after being bitten by a shark near Perth off the west coast.

The majority of shark attacks occur along Australia’s east and southeast coasts with an average of about 20 incidents recorded each year, according to the Institute of Health and Welfare.

President Xi Jinping has called on authorities nationwide to learn from the incident.

A gas explosion at a coal mine in China has killed at least 90 people.

State media Xinhua said 247 workers had been on duty underground when the blast ripped through the Liushenyu mine in Qinyuan county, Shanxi province, on Friday.

China’s coal mines are considered among the deadliest in the world due to poor safety standards, weak regulation, and corruption as companies seek to profit from the country’s rapidly expanding economy.

Rescue operations were ongoing as emergency crews continued searching for survivors of the explosion, the deadliest mining disaster reported in China in more than a decade.

The blast occurred shortly after a carbon monoxide alert was issued, with some reports claiming gas levels had exceeded safe limits.

According to state-run broadcaster CGTN, the person responsible for overseeing the mine has been arrested while authorities investigate the cause of the explosion.

President Xi Jinping has urged authorities across China to intensify efforts to prevent major accidents in the wake of Friday’s blast.

“All regions and departments must learn from the lessons of the accident, remain vigilant regarding workplace safety, thoroughly investigate, rectify all types of risks and hidden dangers, and resolutely prevent and curb the occurrence of major and serious accidents,” Xi said.

Video footage posted online from the scene showed several ambulances gathered near the mine.

Shanxi province, where the incident occurred, is China’s main coal-mining region. More than one billion tonnes of coal were extracted there last year, almost a third of the country’s total output.

China is the world’s largest producer and consumer of coal, accounting for more than half of global consumption.

The country is also the world’s largest annual greenhouse gas emitter, while being the biggest producer of renewable energy.

Acting Navy Secretary Hung Cao’s remarks come as US President Donald Trump gives mixed signals on the sale.

A top United States military official has said Washington is pausing a $14bn arms sale to Taiwan to conserve munitions for its war on Iran.

Acting Navy Secretary Hung Cao provided the update to lawmakers during a Senate hearing on Thursday, a week after the weapons sale took centre stage in talks between US President Donald Trump and Chinese leader Xi Jinping in Beijing.

“Right now, we’re doing a pause in order to make sure we have the munitions we need for Epic Fury – which we have plenty,” Cao told the Senate Appropriations Subcommittee on Defense.

“But we’re just making sure we have everything, but then the foreign military sales will continue when the administration deems necessary.”

Cao said any decision to move forward with the sale – which would be the largest ever weapons transfer to Taiwan – would be made by Secretary of Defense Pete Hegseth and Secretary of State Marco Rubio.

The war has been paused since the US and Iran agreed to a ceasefire on April 8, but the sides have yet to reach a permanent peace deal.

The US Congress approved the weapons package for Taiwan in January, but the sale requires Trump’s sign-off to move forward.

If approved, the sale would surpass a record-breaking $11bn arms package for Taiwan approved by Trump in December.

Taiwanese Premier Cho Jung-tai told reporters on Friday that Taiwan would continue to pursue arms purchases, according to Taiwanese news outlet FTV News.

William Yang, senior analyst for northeast Asia at the Crisis Group, said in a social media post that the pause will “exacerbate anxiety and scepticism about US support in Taiwan and make it difficult for the Taiwanese government to request additional defence budget for the foreseeable future”.

Trump, who has confirmed that he discussed the arms sale with Xi, said last week in an interview with Fox News that he “may” or “may not” approve the package.

Trump has also suggested that the package could be used as a “negotiating chip” – despite a decades-old precedent against consulting with Beijing on arms sales.

China claims self-governing Taiwan as part of its territory, and objects to Washington’s ongoing but unofficial support for Taipei.

The US government does not officially recognise Taiwan but is committed to helping the island to defend itself under the 1979 Taiwan Relations Act, enacted shortly after Washington severed diplomatic ties with Taipei.

Trump has continued to test the status quo on Taiwan in other ways, saying earlier this week that he would consider speaking to Taiwanese President William Lai Ching-te about the arms deal.

Such a move would break with four decades of diplomatic protocol against direct talks with the Taiwanese leader and almost certainly provoke an angry response from Beijing.

Trump held a phone call with former Taiwanese President Tsai Ing-wen after his 2016 election win, but their talks took place before he was sworn in as president.