Latest: Asia Stock Market News
A surprise drop in US unemployment dashed hopes of a pivot on tightening ahead of key inflation figures this week, which are expected to see core prices move higher again
Stagnant demand from China, monetary policy tightening, and high inflation were the key causes of falling exports, Finance Ministry official Beatrice Tsai said.
Analysts expect a 50 basis point hike in the key interest rate to 3.00% when the Bank of Korea reviews policy at its October 12 meeting.
US Federal Reserve chiefs reasserted their commitment to capping inflation sending stock indexes across the region downwards again
Japan's foreign reserves fell by a record $54 billion last month after its rare intervention in the currency market two weeks ago
The S&P Global India services PMI data fell from 57.2 in August to 54.3 in September, but still well over the 50-mark separating growth from contraction for the 14th straight month
Japan's Nikkei reached a two-week high but Hong Kong’s Hang Seng dipped on a thin day of trading ahead of key employment figures from the US
The territory's Mandatory Provision Fund lost $32.98 billion, equating to $7,197.63 per person, the South China Morning Post reported
Shares of the lithium battery maker slipped slightly after it listed on the Hong Kong Exchange on Thursday, but the company raised $1.28 billion from its IPO.
Exports are predicted to rise by 8% this year as the baht hovers near 16-year lows against the dollar, but it still has some supply chains problems, the finance minister said on Wednesday
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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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