Latest: Asia Stock Market News
Sharp falls in Hong Kong were led by its major tech firms as investors worried about more regulatory clampdowns
The policy, driven from the top by Chinese leader Xi Jinping, has resulted in pay cuts and delayed bonuses for staff of state-owned lenders such as CICC and Citic Securities
Known for its garment-exporting industry, Bangladesh needs the funds for its balance of payment and budgetary needs, as well as for efforts to deal with climate change
Companies globally are grappling with rising costs of raw materials, labour and logistics as China's zero-Covid policy strained supply chains and war in Ukraine pushed up energy prices
IMF Asia-Pacific director Krishna Srinivasan said inflationary pressures are rising due to a global surge in food and fuel costs caused by the war in Ukraine
The Commerce Ministry reviewed the ban owing to "serious concerns" raised by major trading partners and its effect on supply chains and domestic retailers
Retail sales rose in June - the fourth successive month of gains - supporting the view that rising consumption and easing China lockdowns helped the economy return to growth
The joint platform is backed by Swiss exchange SIX and the Shanghai and Shenzhen Stock Exchanges
Investors were in a buying mood across the region, with traders buoyed by the Fed’s hints of a rates hike slowdown
The measures include requiring funds to provide details on their investment strategy and will take effect from January 2023, the Monetary Authority of Singapore said
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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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