Latest: Asia Stock Market News
The investment mogul’s stake in the Chinese electric vehicle maker is effectively down more than 66%
Among the biggest drags on Nikkei was Toyota Motor, which slid 2.6% amid continued fallout from a safety test certification scandal
US lawmakers have backed a bill that would ban the sale of drones made by China's DJI, but the move still needs to be assessed by the US Senate
China has opened a probe into pork imported from Europe a week after the EU put extra tariffs on Chinese cars; meanwhile, production of cheap Chinese EVs has begun in Poland
Western governments are offering incentives to Brazil to develop a rare earths supply chain. It has large reserves and its first rare earths mine started commercial production this year
Factory output in May was flat, while the property sector continues to weigh on sentiment, despite strong exports and a rise in retail sales
Pro-trade business groups have appealed for a 30-day extension for the period allowed for public feedback and a hearing to be held on the proposed hikes; that could delay the date they are implemented
Sentiment was hurt as the United States said it was considering taking additional steps against Chinese companies that have been supplying Russia's defence industrial sector
AI has yet to pay off for firms trying to make it work, plus the cost of such projects has raised 14 times since last year and there were many concerns about the accuracy of responses
Industry insiders say EU tariffs are unlikely to stop the expansion of Chinese EV exports, with carmakers likely to simply pass on higher costs to customers
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AF Market Insights
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
Market InsightsChina Stock Market Guide: Everything You Need To Know
AF China Bond
China Stock Markets
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Markets: The Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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MarketsIndian-Owned Tech Firms See Sharp Growth in UKDespite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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