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Friday, March 31, 2023

Asian stocks follow Wall St up ahead of US inflation update - The Associated Press

BEIJING (AP) — Asian stocks followed Wall Street higher Friday ahead of a United States inflation update traders hope might prompt the Federal Reserve to ease plans for more interest rate hikes.

Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices declined.

Wall Street rose Thursday as worries about the global financial system eased following the collapse of two U.S. banks and one in Switzerland.

Traders hope a measure of U.S. inflation due out Friday that is closely watched by the Federal Reserve will show upward pressure on prices easing. That might prompt the Fed to postpone plans for a possible rate hike at its May meeting.

A softer inflation reading would be a “signal to continue with the risk-on theme,” said Tim Waterer of Kohle Capital Markets in a report.

The Shanghai Composite Index rose 0.3% to 3,269.83 and the Hang Seng in Hong Kong gained 1.1% to 20,532.33.

The Nikkei 225 in Tokyo advanced 1% to 28,046.75 after government data showed factory output rebounded and retail sales rose in February.

The Kospi in Seoul added 0.9% to 2,475.69 and Sydney’s S&P-ASX 200 was 0.8% higher at 7,176.00.

New Zealand declined while Indonesia, Singapore and Malaysia advanced.

Traders were rattled by this month’s bank failures but regulators appear to have calmed fears by promising lending measures if needed to keep other institutions stable after repeated rate hikes caused prices of bonds and other assets on their books to fall.

Markets have shifted focus back to uncertainty about the global economic outlook as the Fed and other central banks try to extinguish inflation.

Traders have begun betting the Fed will be forced to cut rates as early as mid-year to shore up economic growth. That is despite statements by Fed officials that they plan to raise rates one more time before holding them steady into at least early 2024.

The Fed’s key lending rate stands at a range of 4.75% to 5%, up from close to zero at the start of last year.

On Wall Street, the benchmark S&P 500 index rose 0.6% on Thursday to 4,050.83 for its fifth gain in six days.

The Dow Jones Industrial Average rose 0.4% to 32,859.03. The Nasdaq composite gained 0.7%, to 12,013.47.

Expectations for easier rates in turn have helped to buoy the Big Tech stocks that dominate the S&P 500 and other indexes.

Amazon rose 1.7% on Thursday, while Apple and Microsoft also rose.

A report Thursday showed slightly more U.S. workers applied for unemployment benefits last week than expected. That could be a sign of increased layoffs, but the number is low compared with historical levels.

In a separate report, the government revised down its estimate for how much the U.S. economy grew during the last three months of 2022. But it also still showed growth.

In energy markets, benchmark U.S. crude shed 6 cents to $74.31 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.40 on Thursday to $74.37. Brent crude, the price basis for international oil trading, lost 16 cents to $78.44 per barrel in London. It advanced 99 cents the previous session to $79.27.

The dollar gained to 132.93 yen from Thursday’s 132.47 yen. The euro was little-changed at $1.0903.

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Thursday, March 30, 2023

Asian shares ride high in Q1 but steel for U.S. inflation data - Reuters

  • Asian stock markets:
  • Nikkei rises 1%, Hong Kong up 1.5% after China PMIs beat f'casts
  • 2-yr Treasuries enjoying biggest monthly rally since 2008
  • Euro up 3% this month, yen 2.2% higher, Gold surges 8%
  • Markets waiting for U.S. PCE data

SYDNEY, March 31 (Reuters) - Asian shares were headed for a second quarterly gain on Friday while bonds were enjoying the best month since 2008, but the market was braced for a stormy session after an upside surprise in German CPI raised the stakes for U.S. inflation data.

Also making headlines on Friday, Donald Trump was indicted after a probe into hush money paid to porn star Stormy Daniels, becoming the first former U.S. president to face criminal charges even as he makes another run for the White House.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) jumped 1% on Friday, heading for its first March gain in four years with a rise of 2.9%, as fears of a global banking crisis receded.

It is up 4% for the quarter, after surging 12% in the three months ending December.

Japan's Nikkei (.N225) also gained 1%,as inflation data for the capital city Tokyo highlighted broadening price pressures.

China's bluechips (.CSI300) rose 0.3% and Hong Kong's Hang Seng Index (.HSI) leaped 1.5%, after China's PMI data showed the recovery in the services sector is gathering pace and manufacturing activity expanded at faster than expected.

Investors cheered a major revamp plan by Alibaba Group (9988.HK), taking it as a signal that Beijing's regulatory crackdown on technology corporates is ending. Alibaba's shares jumped 4.4% on Friday, bringing its monthly gain to 17%.

Overnight, Wall Street was boosted by gains in technology-related shares, although regional bank shares fell after Treasury Secretary Janet Yellen said banking regulation and supervisory rules need to be re-examined.

The Dow Jones (.DJI) rose 0.4%, the S&P 500 (.SPX) gained 0.6% and the Nasdaq Composite (.IXIC) added 0.7%.

Markets are shifting their focus back to the inflation vigil and the outlook for interest rate hikes on hopes that the recent bank turmoil has been largely contained.

A slower than expected decline in German inflation has raised the stakes for U.S. personal consumption expenditures (PCE) inflation, tracked by the Federal Reserve for monetary policy, later in the day.

Economists are expecting the PCE index to ease to 0.4% in February from January when it rose 0.6%.

However, there is still an expectation that banks will tighten lending following the troubles at three regional U.S. banks and the Credit Suisse takeover, so central banks do not have to hike more.

"The strongest headwind for the global economy has shifted from an energy crisis and the related squeeze on real incomes to a potential banking crisis and associated drag on credit," said analysts at Capital Economics.

"With central banks still mindful of inflation risks, interest rates will stay at their peaks for several months. But when they come, cuts will be more aggressive than is typically assumed."

Fed funds futures are still split on whether the Federal Reserve will hike or not at the next policy meeting in May, while pricing in a rate cut by Novemeber. That compared with an overwhelming bet on a 25 basis point hike a month ago before the banking volatility started.

Overnight, three Fed officials kept the door open to more rate rises, although two of them noted that banking sector problems could generate enough headwinds on the economy to help cool price pressures faster than expected.

U.S. Treasuries had a blockbuster month, with the two-year yields down a whopping 68 basis points to 4.1113%, the biggest monthly decline since early 2008. Ten-year yields were 36 bps lower this month to 3.5563%.

The U.S. dollar fell 2.6% against its peers so far in March, with the euro surging 3% to $1.0903 and the yen gaining 2.2% to 133.3 per dollar amid the safe-haven flows into the Japanese currency.

Oil prices were a touch higher on Friday, but were still down more than 3% for the month. U.S. crude futures edged up to $74.42 per barrel, while Brent crude futures rose 0.2% to $79.42 per barrel.

Gold was slightly lower but is up 8.3% for the month. Spot gold was traded at $1,978.49 per ounce, highest since April last year.

Reporting by Stella Qiu; Editing by Sonali Paul

Our Standards: The Thomson Reuters Trust Principles.

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Former Pro Poker Player, Who Founded Asian Delivery Giant Lalamove With His Winnings, Becomes A Billionaire - Forbes

Asian NYPD cop racially harassed in caught-on-video Times Square incident - New York Post

Troubling video shows an Asian NYPD cop being peppered with racist taunts by a belligerent stranger while on the job in Times Square this week.

The cop, who has not been identified, can be seen repeatedly asking his tormentor to “move his hand” as the creep waves a finger in his face while unleashing a racist verbal attack, in the clip posted on Twitter Wednesday.

“Get back, Bruce Lee-looking man,” the man, who was also not identified, tells the officer.

“On King Day you’re acting like Bruce Lee, shorty.”

“Stop playing me, shorty before I do that to your ass,” the man says.

“You is you pushing? Stop pushing me. Stop pushing me. Stop pushing me before I smack your g–k ass.”

The beleaguered officer does not shove the man during the exchange but is seen pushing his hand away several times.

The NYPD did not respond to a request for information on the incident.

NYPD Asian cop harassed
A troubling Twitter video shows an Asian NYPD cop being racially harassed by an unhinged assailant in Times Square this week.
Twitter / @AsianDawn4
NYPD Asian cop harassed
The cop asked his tormentor to “move his hand” as he waves a finger in his face while unleashing a racist verbal attack.
Twitter / @AsianDawn4

Law enforcement sources said the officer was part of an anti-shoplifting detail in Times Square and that the encounter took place sometime during the week.

“This is the environment that anti-cop politicians and activists have created,” Police Benevolent Association President Patrick Lynch said in a statement on Thursday.

“They have emboldened racist hatred,” Lynch said.

“They have encouraged threats and abuse towards police officers. And they have made sure that police officers can’t do anything about it without jeopardizing their careers.”

NYPD Asian cop harassed
The man not identified said multiple insults to the NYPD cop constantly referring to him as “Bruce Lee.”
Twitter / @AsianDawn4

Asian-Americans in the Big Apple have become the targets of racist attacks in the wake of the COVID-19 pandemic — with cops not immune to the abuse.

In 2021, NYPD Detective Vincent Cheung, who is Asian, filed a lawsuit in Manhattan Supreme Court against a man who spewed racist taunts at him during a demonstration.

Cheung said Terrell Harper called him a “goddamn cat eater,” during the encounter and asked the cop, “you going to Judo chop me?”

NYPD PBA President Patrick Lynch.
NYPD PBA President Patrick Lynch said the recent verbal assault on an Asian cop in Times Square is part of the anti-cop culture in the Big Apple.
Paul Martinka

Manhattan Supreme Court Justice Shlomo Hagler tossed the lawsuit last year, ruling that while the verbal assault was “obscene,” it was constitutionally protected free speech.

“We don’t get paid enough to put up with this kind of vile treatment,” Lynch said Thursday.

“And more and more cops are realizing that and taking their talents elsewhere.”

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Asian NYPD cop racially harassed in caught-on-video Times Square incident - New York Post
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How Japanese Breakfast Is Amplifying & Celebrating Mixed-Asian Narratives - The Mary Sue

A young Asian woman (Michelle Zauner) speaks or sings into a microphone on a stage

When I wrote about Japanese Breakfast’s SNL performance about a year ago, I was met with the most heartening responses regarding mixed-Asian identity and belonging. Some were from people who are mixed themselves and shared their own experiences; others were intrigued by the band’s backstory, largely in part due to Michelle Zauner, frontman and founder, as the mixed-Asian narrative is something we’ve lacked the framework to properly discuss. Until recently, that is.

It was around two years ago that Zauner published her first book, the memoir Crying In H-Mart. The book largely centers around her relationship with her late mother, yet also deals with the ups and downs of occupying her particular identity in America. Half-Korean, half-Caucasian, Zauner grew up in Eugene, Oregon—a small city that’s pretty white now, yet was even whiter when she was growing up. The sense of alienation that she felt not just as a person of color, but as a mixed person of color, is a huge focal point of the book, especially as it pertains to her career as an artist.

Being mixed-Asian is tricky. You don’t really feel like you have a leg to stand on regarding the race dialogue in America because we’ve been sold the “model minority” crap since birth. We often feel like two different iterations of relative privilege, and therefore, whatever problems we might feel as a result of our identity are often reduced to fantasy. Believe me, I spent most of my life telling myself my problems weren’t real, and therefore how I felt didn’t matter. But the reason I write about any of this is that as an adult with a mostly fully-formed brain, I’ve come to understand from all angles that these problems aren’t made up. In a world that systemically places value, negative or otherwise, on one’s racial identity, it would be impossible for mixed-Asian folks not to somehow be affected by their backgrounds.

Oh, the many ways in which we face these consequences. I knew girls that were constantly fetishized for being mixed, which made them feel as though their only identity was “looking sexy,” regardless of how they personally felt about it. I knew boys who felt resentment for their heritages due to all the stigma against Asian men AND the inherent sense of isolation that comes from growing up in a mixed-race household. The result of these constant dehumanizing attitudes, coupled with the diminishing of one’s feelings regarding said behavior, is the silence that we all grew comfortable with regarding who we are. This silence paves the way for violence, as I, like so many others, am unfortunately all too familiar with. Everything is a domino effect. The late-night tears didn’t come out of thin air.

So, then, how do you prevent this? How do you create space for people to be themselves and validate their own experiences? You literally have to create it. And you talk about it! This is exactly what Zauner has done, and the results have been stunning.

I’ve noticed such an uptick in people sharing their experiences as mixed-Asians since this book came out. In my personal life, I’ve found it easier to have these dialogues with friends, especially other mixed-Asian people. Last year, I met my friend’s half-Korean girlfriend for the first time and we ended up talking until 3 AM, high off the ecstasy of our startlingly similar experiences. And sure, we’d both put in the work for years to properly understand our places in the world, but I feel as though Zauner has provided an easy framework to jump off from.

Lately, though, it especially feels as though Zauner’s work is starting to pick up. SNL was huge, don’t get me wrong, but as far as momentum goes, in hindsight, it was just the boot in the ass. Recently, Conan had her on his podcast, “Conan O’Brien Needs A Friend,” and the two had a wonderful conversation about mortality and video games.

Then she popped up again as a reference on Apple TV’s Shrinking. I had to laugh when the main character, played by ol’ white Jason Segel (I say with love), has a fight with his half-Asian daughter. In the fight, he attempts to ground her, and she pops back with, “You can’t do that, I’m seeing Japanese Breakfast next week!”

Could they have just written that in because Japanese Breakfast is an indie staple? I mean, sure. But it seems more to me like they saw what The Current Moment is for mixed-Asians and they decided to be smart about it. It was an especially cute moment for me to see, considering I took my mom to see the band for her birthday (it remains one of the best concerts I’ve been to, and not just because my mom is cool).

What might be the most notable piece of news, however, is the fact that Crying In H-Mart will be given a screen adaptation, directed by none other than White Lotus star Will Sharpe. Again, this is ESPECIALLY notable because Sharpe himself is mixed-Asian, so he likely took this on because of his personal connection to the material.

“There were lots of things that resonated with me as somebody who is half-Japanese, half-British, spent my childhood in Tokyo,” Sharpe recently told People. “Some of the descriptions of being jet-lagged in your family’s kitchen felt very familiar to me.”

And while film adaptations of autobiographies can sometimes be a little dodgy, I’m just here singing glory for the fact that this is even happening. Five years ago, if you’d told me that we mixed kids were having a moment, I would have laughed in public and cried in private, because I wouldn’t have believed you. This moment means so much to so many people, and it’s my hope that it won’t be a trend, but the starting point for so much more down the line.

Because ultimately, we live in a world where there are more than just a handful of experiences one can have, and each story deserves to be told. Ours are no exception. And quite frankly, I think we’re justified in being tired of having our experiences be so callously undersold, especially when the results are so utterly isolating.

So Michelle? Will? Everyone else who’s been toeing the line all the while? I’ll be pouring one out for you all the next time I go to an H-Mart. You can catch me crying over the tteokbokki.

(featured image: Mauricio Santana/Getty Images)

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New project seeks to bring south Asian literature to western readers - The Guardian

A new project to help bring the “extraordinarily rich” literature of south Asia to English-speaking countries will launch this summer, it has been announced.

The cross-continental South Asian Literature in Translation (Salt) project has been set up by the University of Chicago, in partnership with the American Literary Translators Association, English PEN, Words Without Borders and the British Council. The multi-year project will try to “strengthen each part of the publishing chain across the English-speaking world”, the University of Chicago has said.

Organisers aim to set up mentorships for translators working with south Asian languages, a south Asia-focused literary translation summer school, workshops for publishers across south Asia and the provision of various funds and grants to support publishers and translators.

The Salt project has been developed by British writer and translator Daniel Hahn – a former chair of the Society of Authors and the founder of the Translators Association First Translation prize – and translator and professor Jason Grunebaum from the University of Chicago’s department of south Asian languages and civilisations.

Salt co-founder Daniel Hahn.

While south Asia is home to about a quarter of the world’s population, “only a minuscule number of translated literary works from south Asian languages make it to the US and other western anglophone markets”, Hahn and Grunebaum said in the project’s announcement. Translations from south Asian languages account for “less than 1% of all translated literature published in the US over the past 10 years”, they added.

Geetanjali Shree, author of the Hindi-language novel Tomb of Sand, the English translation of which won the 2022 International Booker prize, called the Salt project a “truly momentous step towards promoting a humanitarian and pluralist globalism to counter the grabbing globalism of the totalitarian market”.

Tomb of Sand’s translator, Daisy Rockwell, is on Salt’s advisory board, along with author and Urdu translator Musharraf Ali Farooqi and Bengali translator Arunava Sinha. Rockwell expects the impact of the project to be “enormous”.

While within south Asia, and especially in India, “there is a vibrant translation scene, both from Indic languages into English and between those languages, such as from Hindi to Tamil,” she said, “scarcely any of this work gets published outside the subcontinent. I have been publishing translations in India for over a decade, but Tomb of Sand was the first book I ever published in the UK or the US.”

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The fact that so few translations of south Asian books are published in the UK and US “is partly a funding issue”, Rockwell added. “But it is also an issue of prejudice. It is well documented that the US/UK publishing world is predominantly white, and that whiteness is reflected in translation choices. Not enough translations are published in the US/UK, period – but of those, the vast majority are from western languages, especially western European languages.” The Salt project, she hopes, will “make it easier and more attractive for western publishers to bring out south Asian literature in translation.”

Aniruddhan Vasudevan, who is longlisted for this year’s International Booker prize for his translation of Perumal Murugan’s Pyre, described the project as “wonderful”.

“I wish I’d had opportunities for such mentorship when I was starting out as a translator,” he said. “I’d have done better work!”

The Salt project, which is funded by “one generous individual donor”, will begin formally in July, with applications for grants and mentorships set to open in the following months.

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Wednesday, March 29, 2023

An open letter to Asian American parents from a high school junior – AsAmNews - AsAmNews

By Ryan Shen

Dear Asian-American parents,

It’s no secret that Asian American immigrants are stereotyped as “tiger parents.” As a son of two Chinese immigrants and a junior student at Mission San Jose High School, which has a nearly 90% Asian student base, I know that this reputation can be quite fitting — and I’m urging a change from it.

Many Asian immigrants like you moved overseas during the late 1900s as the world globalized, and many of you now have successful careers and are parents to children born or raised for most of their life in America. Most of you place an enormous emphasis on education, with over six in ten of you arriving in the US with a bachelor’s degree.

Whether it was the Chinese Gaokao, the Japanese EJU, the Indian JEE, or the Korean Suneung, you very likely went through some form of rigorous final exam requiring total dedication to academia in your mother country. The exam determines your position on the social ladder, and your result in it likely helped play a large role in why you chose to immigrate here.

And here in the United States, that test-centric line of thinking lines up perfectly with the promise of the American Dream — the promise of equality of opportunity, where hard work makes all the difference. From here, a story I’ve seen countless times among my peers plays out.

The second-generational immigrant child is born and receives an iron commitment to academia from birth, signs up for every advanced test or competition possible, and studies religiously for standardized exams in middle and high school so they can enter a strong college, so your child would follow your footpaths to a high-paying, professional career.

The problem with this line of thinking is that it stems from your youth in the 20th century and your education in Asia, and 2023 America isn’t late 1900s Asia. And while you espouse the importance of education, we Asian American high schoolers often take a somewhat different attitude towards our schooling, even if we respect how you yourself got to where you are now.

A study by Vanderbilt found that just one week after a test, students remembered only up to 60% of what they had studied. In many of the AP classes I take at my academically competitive high school, I find it exceptionally rare that we remember more than thirty percent of any multiple choice test’s content a week after the test, even for some of the students I know with the highest grades. Part of the reason is that the rapid pace of the curriculum encourages students to forget what they’ve just learned for the next unit, but another part is because the students quite frankly don’t care about what they’re learning, and only see the test as some annoying obstacle to achieve an A on their transcript.

I’ve seen innumerable amounts of study guides printed and flashcards organized the night before a test be tossed in the trash the afternoon following it; or for the more far-sighted students, tossed in the corner of the house to be dug up the week before finals. I’ve seen how the Internet and its exceedingly accessible trove of information has made academia in the United States a series of short-term hurdles, prompting the average Asian student to adopt even shorter-term measures to overcome them.

This style of learning has sufficed for the first twenty years of the 21st century, but its inadequacies are beginning to show as we move further into the 2020s. A few years ago, many colleges around the US became “test-blind” to standardized tests like the SAT or ACT.

A few months ago, ChatGPT took the world by storm, with administrations everywhere fretting about how students are trivializing aspects of school. And just a few weeks ago, GPT-4 came out, an AI that is so sophisticated that it lands on the 90th percentile of SAT scores.

The problem that I see coming for Asian parents like you isn’t with these new technologies — it’s with the mindsets of the old that are incompatible with them. No one is going to sneak a GPT-4 bot into an SAT test room to do the test for them, but the colleges that still accept SAT scores are quickly realizing that what an SAT score offers from a student is totally irrelevant when a bot can do just the same, with greater consistency. What use is measuring a high schooler’s ability to contribute to society by having them memorize the Gettysburg Address or the lines in Walt Whitman’s Leaves of Grass, when ChatGPT can recite both and render them in the form of a Shakespearean sonnet?

The one weakness that these new AI programs have is that they only compile information incredibly quickly from the internet into an impressive package — they don’t yet think, and so the world which we are moving into is one where we must think. The mentality of worshipping the test that worked for your generation is instead going to hurt our generation irreparably in the future, because it only trains us to seek the highest grade, the flashiest award possible, with the least possible effort, which will spell disaster for them when we have to use critical thinking and not just memorization of tests for our jobs.

When American colleges recognized the inherent flaws within standardized testing and stopped rating applicants on SAT and ACT test scores, many Asian parents opposed this change, arguing that it removed an “objective and transparent measure” for academic ability. Regardless of the debate over whether they actually are objective tests, I think the real reason why you oppose the shift to test-blind is because it contradicts the values you’ve grown up with, in a world where the standardized test is the ultimate indicator of success. But that is a world of the past, one without the technological capabilities and societal requirements that we have today.

The discourse behind ChatGPT has all but confirmed the thoughts I’ve listed here. I’ve seen many Asian American parents like you, rather than asking themselves why ChatGPT is so conveniently able to replace the work of their students in getting a good grade, being instead more concerned with how they can get rid of it—evidently, an exhibition of their latent desire to return their children’s world to the late 20th century, one which they are familiar with, one in which the exam is sacred, where brute force memorization of academia is its rituals, where heretics like the Internet and AI do not challenge its roles.

The sacrifice, evidently, would appear to be the upcoming generation of Asian American students, who gleefully replace their homework time with ChatGPT—and soon, ChatGPT shall replace their careers.

AsAmNews is incorporated in the state of California as Asian American Media, Inc, a non-profit with 501c3 status. We are currently funded by our readers and the California Library Commission’s Stop The Hate program under the State Dept of Social Services. See their funded resources for direct, prevention and intervention services here. Find additional content from AsAmNews on Instagram , Twitter, Tiktok and Facebook. Please consider interning, joining our staff, or submitting a story, or making a tax-deductible donation.

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Medieval Swahilis had African and Asian ancestry: DNA study - Al Jazeera English

Researchers say up to half of the DNA of people from Swahili areas was from Persia (90 percent) and India (10 percent).

The first DNA recovered from members of the medieval Swahili civilisation has revealed that Africans and Asians were intermingling along the East African coast more than a thousand years ago, a study has revealed.

For the study, an international team of researchers sequenced the DNA of 80 people who lived in different Swahili areas from 1250 to 1800 CE.

They said that from about 1000 CE, up to half of the DNA was from overwhelmingly male migrants from southwestern Asia – approximately 90 percent from Persia and 10 percent from India.

The other half was almost entirely African women, according to the study published in the Nature journal.

After about 1500 CE, the bulk of the Asian genetic contribution shifted to Arabian sources, the study showed.

Authors of the study said it confirms ancient oral histories about the shared ancestry of Swahili people, as well as settling a “longstanding controversy” from colonial times about how much Africans contributed to the civilisation.

Starting from the seventh century CE, the Swahili civilisation included the coastal regions of modern-day Kenya, Tanzania, southern Somalia, northern Mozambique, Madagascar and the Comoros and Zanzibar archipelagoes.

Millions of modern-day people along these coasts identify as Swahili, and the language is one of the most widely spoken in the region.

This timeline is consistent with the Kilwa Chronicle, which was passed down in Swahili oral histories for centuries and tells of Persian migrants arriving from about 1000 CE.

It was also from around this time that Islam became a dominant religion in the region.

The authors emphasised that the study also showed that the hallmarks of Swahili civilisation predated the arrivals from abroad.

‘Africanness of the Swahili’

Chapurukha Kusimba, an anthropologist at the University of South Florida who has been working on the subject for 40 years, told AFP that the research was “the highlight of my career”.

Kusimba said that colonial-era archaeologists seemed to believe that Africans “did not have the mental capacity” to build medieval Swahili infrastructure such as cemeteries, instead solely crediting foreign influence.

But more recent research has shown that 95 percent of the material recovered from Swahili archaeological sites was “home-grown,” including the architecture itself, Kusimba said.

He added that the latest study showed the “Africanness of the Swahili, without marginalising the Persian and Indian connection”.

David Reich, a study co-author and geneticist at Harvard University, said in a statement that “ancient DNA allowed us to address a longstanding controversy that could not be tested without genetic data from these times and places”.

The DNA evidence shows that the intermingling was mostly Persian men having children with African women.

This does not necessarily indicate “sexual exploitation” because of the matriarchal nature of Swahili societies, Kusimba said.

Reich said it was more likely that “Persian men allied with and married into local trading families and adopted local customs to enable them to be more successful traders”.

From about 1500 CE, the ancestors increasingly came from Arabia, the study said.

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