Latest: Asia Stock Market News
China stocks slipped again on Tuesday amid concern about Covid restrictions, but markets in Japan, Australia and India all climbed higher. Eyes are now on US data on Friday.
Epidemic prevention and control policies are putting the economy at risk, the Anbound Research Centre said in a rare act of public criticism of the ruling Communist party.
The group committed a "series of severe crimes," which included raising the annual return rate above markets levels, to 13%-18%, in order to attract depositors, a local security bureau said.
Asian shares fell across the board on Monday as thoughts of more US and EU rate hikes stirred fears of a global recession and shot the dollar sharply higher
Huaqiangbei market in Shenzhen, which houses thousands of shops selling key components like microchips and telephone parts to manufacturers, will be shuttered until Sept 2
The yuan has lost 2.5% against the dollar this month and is on course for its biggest monthly drop since April when Covid lockdowns were imposed in Shanghai and other cities
"Reducing inflation is likely to require a sustained period of below-trend growth," the US Fed chair said. The Dow Jones was down 3% and the Nasdaq 4% after his speech
US regulators were cautious about the deal signed with China on Friday, which will allow initial audits of US-listed Chinese firms in Hong Kong from mid-September
Shares on mainland China slipped on Friday, but Hong Kong rose on news of a possible deal between the US and China with audit teams due to conduct initial checks in the city
Policy work has also been undertaken to assist foreign firms to resume activity amid the Covid-19 pandemic, government spokesperson Shu Jueting said.
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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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