Latest: Asia Stock Market News
Shares of Nvidia plunged by 17% on Monday, wiping nearly $600 billion from the chipmaker's market value, a record one-day loss for any company.
At least four plants with a combined annual processing capacity of 18 million metric tons either closed crude oil distillation units this month or plan to in February after Beijing cut tax rebates
American billionaires and tech giants are falling over each other to get their bids in for TikTok
Little-known China startup allegedly spent $5.5 million, and used sub-optimal Nvidia chips, on an AI model that rates with the best created by US tech giants; this caused Nvidia and other tech shares to sink
Musk is a rival of OpenAI's Sam Altman and is in an ongoing lawsuit with OpenAI. He alleges the ChatGPT-maker put profits and commercial interests ahead of the public good
"The likelihood of achieving the BOJ's outlook has been rising," the central bank said, as many firms say they will continue to raise wages steadily in this year's annual wage negotiations
Nobel laureate now heading Bangladesh's interim govt said Hasina's government faked the country's growth data "and nobody questioned that".
WTO director-general Ngozi Okonjo-Iweala warned that tariffs of 25% or 60% could trigger tit-for-tat reprisals that return the world to the economic crisis of the 1930s
Tech giant, which owns TikTok, but may soon be permitted its sell its US arm, will spend half of that amount abroad on AI-related infrastructure, such as data centres and networking equipment, sources say
Trump noted on his first day in office the de minimis law, which allows over a billion products to be mailed to the US every year, is unlikely to survive for long
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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
AF TV: Market Analysis
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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