Latest: Asia Stock Market News
Investor mood was lifted by positive inflation news from the US, hinting at a slowdown in interest rate hikes, but a surging yen dragged on the Nikkei
India sold crude products worth $588 million to the US in November after snapping up sanctioned Russian oil at deep discounts
The US sees the participation of other top producers of chipmaking equipment as essential to making its sweeping chip export controls against China effective
The Japanese yen shot up in early trading on Friday morning and Asian markets also rose, after US data showed a fall in inflation on Thursday
Trade between Russia and China jumped in 2022, with Russia more than doubling its rail exports of liquefied petroleum gas to China last year
Traders are banking on a cooling in US prices which will see the US Fed slow down its rate hikes charge
Regulators have asked banks to provide more convenient settlement services, to extend overseas yuan lending and 'encourage innovation in cross-border yuan settlement'
Firms from Hyundai Motor to BYD are set to focus on electric cars, while Maruti Suzuki and Toyota Motor are expected to also showcase hybrid and hydrogen fuel-cell vehicles
Several Tesla owners in Shanghai also said they felt misled by Tesla sales staff who told them they would face higher prices in the new year
Investors are optimistic US inflation will show signs of cooling this week but opinion is split over China’s post-Covid recovery prospects
In This Section
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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