Latest: Asia Stock Market News
This is the second time in just over a month that Buffett’s investment group has reduced its stake in China’s largest EV-maker
The country, which already boasts the world’s biggest foreign currency reserves, saw its coffers boosted by $21 billion in April
Investors remained in cautious mood as worries over the US banking sector and more interest rate rises continue to cast a shadow
Thailand aims to become a key player in the global EV supply chain outside of China by offering tax cuts and subsidies to drive EV adoption and production
The billionaire, who recently slashed his multi billion-dollar stake in Taiwanese chipmaker TSMC, said he was 'pleasantly surprised' at the progress of recent Japanese investments
HSBC and its biggest investor Ping An were engaged in a public battle since last November, over a proposal to the bank to hive off its profitable Asia business to deliver better returns to shareholders
One of the proposed rules is aimed at pushing carmakers to use domestic cloud services by banning smart cars in the country from transferring data directly abroad
The move came as data from the China Passenger Car Association showed the electric vehicle maker delivered 14.7% fewer China-made electric vehicles in April, compared to March
US intelligence director Avril Haines gave that estimate of global economic impact to the Senate Armed Services panel, noting that Taiwan's TSMC is the world's biggest maker of advanced chips
CEO Tim Cook believes emerging markets, with their younger populations and fewer iPhones, will bring more prospects for growth for Apple
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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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SemiconductorsTaiwan to Fine Foxconn After Unauthorised Chinese Investment -
Market InsightsChina’s Covid Infections Rise Further as Outlook Darkens
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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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