Latest: Asia Stock Market News
News that US Fed chair Jerome Powell sees inflation easing off buoyed the region’s markets though China recovery doubts weighed in Hong Kong
The share plunge of Adani listed companies topped $100 billion on Thursday after the group canned its $2.5-billion share sale – a move that raised more questions over the group's status and dealings
Chief executive Elon Musk said the EV-maker's 2023 deliveries could hit 2 million vehicles, so long as there were no external disruptions
Leading the sluggish trade performance in January were a 44.5% dive in semiconductor exports and a whopping 31% plunge in sales to China
Shares of Adani Enterprises plunged by close to 27% on Wednesday, knocking Gautam Adani from third to 10th on Forbes' list of the world's richest tycoons
Washington hopes to deploy more Western mobile phone networks in India and also welcome more Indian computer chip specialists to the US
Investors were lifted by positive factory data out of China but remained distracted by worries over which way the US Fed will jump next in its fight with inflation
Local government bodies accumulated an estimated $18 trillion of debt last year, according to CNN, which said the problem is so bad some cities have cut basic services and are at risk of default
Adani’s firm reportedly held extensive discussions with investment bankers and institutional investors over the weekend to attract subscriptions to the FPO
Investors cashed in on Tuesday after a recent rally as markets readied for more interest rate rises in the US
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AF Market Insights
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
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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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