Latest: Asia Stock Market News
Markets fell in Hong Kong and Shanghai amid the bleak economic outlook in China, but shares edged up in Australia and India
Asian markets slid lower on Tuesday amid expectations of a further rate hike in the US, the slowdown in China, but financial stocks helped to pull India's Nifty 50 to a positive level
The latest firms to announce plans for capital raisings on European bourses include Joincare Pharmaceutical Group Industry Co. and Eastroc Beverage, China Daily reported.
Shares slide on most Asian markets on Monday, as the dollar climbed, but shares rose in China after cuts in its benchmark lending rates
The plan being discussed by the two nations would enable the use of Russia's Mir cards at India ATMs and Point of Sale terminals, and India's RuyPay cards in Russia, said the report.
The onshore yuan opened at 6.82 per dollar and touched a low of 6.8308, the weakest level since Sept 2020, while its offshore counterpart fell to a near two-year low of 6.852
Some 25 out of 30 respondents in a snap poll predicted a 10-basis-point reduction in the one-year loan prime rate, which banks charge their best clients.
Asian stocks fell in China, Japan, South Korea and India, but rose in Australia.
Nomura lowered its China economic growth forecast, citing dismal July activity data, the lingering impact of the pandemic, and the worst heatwave in six decades.
Japan's Nikkei closed above 29,000 for the first time in seven months and China and Hong Kong stocks rose. South Korea was down.
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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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