Latest: Asia Stock Market News
From strict US laws governing weapons export to India's willingness to be "dictated to by the US State Department,” Biden and Modi's efforts to counter China through defence cooperation may face significant challenges
After a smaller-than-expected interest rate cut raised doubts on whether Chinese policymakers would act forcefully enough to support the economy, investors are positioning for a longer game
The threat of another round of central bank tightening across the globe deepened growth fears and sent Tokyo and Hong Kong stock indexes backwards
The US aviation and energy giant signed a memorandum of understanding with HAL, which includes the potential joint production of GE Aerospace's F414 engines in India
Pakistan and China signed a $4.8bn deal to build a 1,200 MW nuclear power plant, while the debt-laden state is in talks with the UAE for control of Karachi port in exchange for emergency funds
Two of the world’s richest men are locked in a battle over the Indian government's distribution of satellite broadband spectrum in a bid to tackle costs and competition
With the US Fed looking to stand firm on its aggressive inflation battle plan, gains were hard to find around the region’s bourses with Seoul the outlier
Musk says it's "quite likely there will be a significant investment in our relationship with India in the future,” adding that he thinks "India has more promise than any large country in the world"
The Nikkei 225 in Japan was up by 0.56% on Wednesday, but the Hang Seng Index in Hong Kong slumped by nearly 2%; stocks also fell in Shanghai, Sydney, Bangkok and other markets
Beijing said Biden's comments “go totally against facts and seriously violate diplomatic protocol, and severely infringe on China’s political dignity”
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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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