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Because Wuhan is a relatively minor player in China's technology industry, the sector has been spared the worst of the new coronavirus. That could change if the outbreak spreads to the country's R&D heartland right next door.
The Japanese government has removed export restrictions on photoresists to South Korea ahead of a Dec. 22 meeting of trade ministers and a Dec. 24 summit between Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae In, Yonhap reported Dec. 20.
Both Tokyo and Seoul will be reticent to ease their trade spat until the economic toll outweighs the political risk of conceding. But for South Korea, that reckoning will come sooner due to its semiconductor sector's reliance on Japanese exports.
The U.S. Commerce Department has begun issuing licenses to U.S. companies to export some U.S. technology and products to Huawei in areas that do not pose a risk to national security or foreign policy interests, Reuters reported Nov. 20.
Japanese and South Korean defense chiefs failed to reach common ground during a meeting that would prevent Seoul from formally withdrawing from a bilateral intelligence-sharing pact, Yonhap reported Nov. 17.
Southeast Asian countries stand to gain -- or lose -- the most from Beijing and Washington's escalating trade tensions. Some have benefited more than others, but all are at risk of taking an economic hit.