Latest: Asia Stock Market News
Tencent sank by more than 6%, Alibaba dropped 7.39%, while its e-commerce rival JD.com was down 3.7% and Meituan slipped by nearly 3.8%
China's economic slowdown and its crackdown on tech companies have been blamed for new stock listings in Hong Kong plummeting to a nine-year low
A Wall Street slump brought the mood down across Asian trading floors with Hong Kong tech firms like Tencent and Alibaba hit hardest
The bank said inflation would remain elevated in the near-term due to supply-side pressures while economic growth will also record a setback
The rupee weakened to about 198.39 to the dollar on Wednesday, the central bank said, a historic low that means it has lost almost a quarter of its value in the past year
Prudential investment unit PGIM said crypto is an unreliable portfolio diversifier and an inadequate safe-haven asset or inflation hedge
The electric carmaker was dropped from the widely followed S&P 500 ESG Index because of issues of racial discrimination and crashes linked to its autopilot
The fall in unemployment will be welcomed by Prime Minister Scott Morrison, who has made jobs the clarion cry of his election campaign ahead of the vote on Saturday
Shoring up the prospects of a private demand-led recovery, however, was a gauge of capital expenditure that posted its first monthly gain in three months
Tokyo and Hong Kong advanced but traders remain concerned about surging global prices, war in Europe and Covid in China
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AF Market Insights
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
Market InsightsChina Stock Market Guide: Everything You Need To Know
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China Stock Markets
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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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