Latest: Asia Stock Market News
A big fall in hydropower being generated by dams in China and India this year has forced the two Asian giants to use more coal and fossil-fuel sources
China’s blue-chip dipped 0.8%, with Hong Kong’s Hang Seng and the ASX in Sydney both tumbling 1.3%, while the BSE Sensex in Mumbai was also down 0.85%.
The spat between the two countries is putting Western nations in an awkward position, who are eyeing India as a hedge against China but are also close allies of Ottawa
Over 160 companies have lost their licences to exchange money since the coup in Myanmar for failing to adhere to the central bank's official exchange rate, while a notoriously rich general has been ousted
Reformers say structural changes needed, such as residency permit reforms for migrant workers, while others want spending on hospitals and aged care facilities
Regulators have checked with major brokers recently on short-selling activities and quant clients' trading strategies, which could cause them to curb moves that contribute to market volatility or short-selling
The deal will allow the vast Japanese conglomerate, which has been plagued by scandals and controversies in recent years, to become a private entity and one that is back in local hands
France’s decision — which follows an EU investigation into Chinese state subsidies for EV production — is aimed at reducing the country’s carbon footprint through imports, an official said
Tokyo, Hong Kong, Shanghai, Sydney, Mumbai and Singapore, all dropped on Wednesday, as did the smaller regional markets in Wellington, Manila, Taipei and Bangkok.
Bilateral commercial relations between India and Canada are worth $100 billion, which includes $70 billion of Canadian portfolio investment, according to Indian figures
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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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