Latest: Asia Stock Market News
Seoul reacts to proposed new limits for recipients of US chip manufacturing and research funding that includes restrictions on investments related to expansion in China and Russia
Earlier this month, Foxconn said it was seeking cooperation in India in new areas like chips and electric vehicles after a visit to the country by its chairman
Japan’s Nikkei saw its biggest boost in two months while the Hang Seng was also lifted by a Wall St rally as banking confidence returned
The move follows sweeping export controls implemented by the United States last year that stopped Nvidia from selling its two most advanced chips to Chinese customers
China's best-selling electric vehicle brand did not give a reason for throttling back on production and it was not clear how long it would last
China has been working on a more than 1 trillion yuan ($145.34 billion) support package for its semiconductor industry, amid tightening US restrictions
But investors across the region remained on edge with all eyes on the US Federal Reserve’s next move on interest rates
The planned exit contrasts with recent expansions in China by its US rivals BlackRock and Fidelity
Investors shied away from risky assets on Monday as the threat of a banking crisis in Europe weighed heavy on sentiment
The restructuring, worth $22.7 billion, is just part of Evergrande‘s total liabilities that amount to more than $300 billion
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AF Market Insights
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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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