Latest: Asia Stock Market News
Beijing’s stimulus efforts changed the mood on China’s trading floors but Tokyo’s Nikkei was flat again amid overheating fears
Crypto trading has remained popular in China despite being banned on the mainland three years ago; endorsement of crypto in Hong Kong has allowed easy access to bitcoin and other tokens
The group owns more than $2 billion in offshore notes guaranteed by the real estate firm which faces $300bn in liabilities
Along with Ma, Alibaba chairman Joe Tsai also purchased about $151 million worth of Alibaba's US-traded shares
China, India and Southeast Asia are still seeing growing demand for electricity, and some of the factors driving that increasing demand include modern technology and cryptocurrency mining
The recent narrative flipped on Tuesday with Tokyo’s mini-slide continuing while China’s markets were lifted by pledges of support from Beijing
The Hang Seng Index shot up by 3.5% on Wednesday, while the Shanghai Composite rose by 1.8%, thanks to signs of stronger action by policy-makers in Beijing to reverse three years of losses
Pan says the PBOC will cut the reserve requirement ratio for all banks by 50 bps next month, and cut re-lending and re-discount interest rates by 25 bps for the rural sector and small firms from Thursday
Global investors see little chance Beijing can rescue the situation and are jumping ship, leaving China’s markets in freefall
Japan’s central bank signalled it could begin phasing out its huge stimulus programme but refused to reveal a timetable
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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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AF TV: Market Analysis
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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