Latest: Asia Stock Market News
Japan’s Nikkei was the outlier, boosted by chips stocks and rallying oil prices, but markets elsewhere had little to be encouraged by
The Japanese yen fell below the 145 mark per dollar on Monday, while sterling jumped after Britain's finance minister said the government would retain the top rate of income tax.
The ruling is a boost for Prayut, but it also signals an end to his time at the top, as he would only be able to serve two years as PM should he win an election that must be held by May next year.
South Korea's exports grew at the slowest pace in nearly two years in September. Weaker global demand has put pressure on the trade-dependent economy.
Wall Street has suffered the longest losing streak for the S&P and Nasdaq Composite since the Global Financial Crisis in 2007-09
Asian markets had a mixed day on Friday with most markets down, bar India. Overall, equity investors experienced their worst month since the onset of the Covid-19 pandemic
South Korean President met with economic officials on Friday, when the won traded 0.6% higher, amid talk of modest intervention in the forex market. The won hit a 13-year low recently.
China's factory activity rose in September but service sector growth slowed as the economy battled low demand and Covid curbs. The PMI data shows it is struggling to avoid contraction
This was the fourth straight increase, as policymakers extended their battle to tame stubbornly high inflation and analysts said further tightening is on the cards.
Finance Minister Shunichi Suzuki made the pledge after his government last week intervened in the forex market to help the yen for the first time in 24 years
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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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