Latest: Asia Stock Market News
Asia’s investors were keeping their powder dry ahead of the Fed’s latest rates announcement while the yen was under pressure again
The move, proposed in a new debt-restructuring plan for offshore bondholders with about $19 billion of debt, would involve shares in its property services and new-energy-vehicle units, sources say
Share average sees biggest rise in three weeks, while the currency – which dropped 1.7% on Tuesday – paused in forex trading after a warning of intervention from a senior official
Geopolitical tensions, plus western calls to "de-risk" supply chains and higher interest rates in the US have driven a decline in FDI, which is at a two-decade low, the report said
Chinese tech giants, including Alibaba, ByteDance and Baidu, had placed orders worth billions for 2024 and Nvidia had planned to deliver some of them by mid-November
Beijing said the ban was an abuse of national power, adding that it was imposed without any real evidence
A surprise dip in China’s factory activity weighed on sentiment across the region while a Bank of Japan yield curve tweak lifted the local mood
Support from the state 'Big Fund' is part of a $5.3bn capital expansion by Changxin Xinqiao, a leading memory chip firm in Hefei, as China expands its production capacity and R&D
The squeeze on business profits was underscored by factory gate prices contracting sharply this month, a sub-index in the PMI survey showed
HSBC’s finance chief said the bank still expected another couple of difficult quarters but the long-term outlook for the country’s real estate was positive
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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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