Latest: Asia Stock Market News
Investors were in limbo on Thursday, with bargain-buying and caution the balancing themes following Wednesday’s US inflation hit
Higher-than-expected US inflation sent the Nikkei and Hang Seng downwards with investors bracing for sharp rate hikes from the US Fed
Rio said it would invest $1.3bn to develop the Pilbara mine and hold a 54% stake, while state-owned China Baowu will hold 46% and invest $700 million
The Bank of Japan conducted a rate check on Wednesday, in possible preparation for currency intervention, Nikkei reported. The yen has falled around 20% so far this year.
Hopes that US inflation might be cooling were dashed on Tuesday deepening an already gloomy global picture
Investors across the region were waiting on Tuesday’s latest key US inflation report, while markets in China and South Korea played catch-up after a holiday
With Russian forces on the back foot in Ukraine and worries over harsher US rate hikes receding, traders were in positive mood at the start of the week
Tokyo must be prepared to step in to tackle 'excessive, one-sided' yen moves, the government’s deputy chief cabinet secretary said
Banks agreed $180.63bn in new yuan loans last month, up from July but below analysts' expectations, PBOC data revealed
Traders across the region responded positively to US and EU central banks’ determination to beat inflation and a weaker US dollar
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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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