Latest: Asia Stock Market News
In the wake of the Silicon Valley Bank collapse, China’s central bank has promised to focus its gaze on its own vulnerable small- and medium-sized financial outfits
China's securities regulator has questioned why the battery maker needs so much capital after it raised $6.56 billion in a domestic share placement last year
The world's largest contract electronics maker forecast significant growth in computing, cloud and networking and component products
The investment is part of a 550 trillion won private-sector investment plan unveiled by the South Korea government to support high-tech sectors
A retail sales recovery in China also boosted sentiment as investors recovered their composure after the Silicon Valley Bank collapse
Data was in line with hopes for an economic revival led by consumption as flagging global demand weakened Chinese exports
One of the government officials directly involved in the matter said New Delhi is "not comfortable" with foreign trade settled in yuan but said settlement in "dirham is okay"
Over the weekend, India’s SVC Bank rushed to calm panicked depositors after they mistook it for the California based Silicon Valley Bank
Tokyo banking shares plummeted their most since the beginning of the Covid-19 pandemic while Hong Kong’s Hang Seng finance subindex dropped too
"No other bankers in the US provide the level of services SVB used to offer," said an executive at a major Chinese investment bank, which has deposits at Silicon Valley Bank
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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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