Latest: Asia Stock Market News
Shares of Tata Steel dropped about 10%, while JSW Steel lost 7.2%, after a month of softening iron ore prices due to the real estate slowdown drastically eroding demand in China
Hong Kong led the equity sell-off as the struggles of China’s second biggest property developer sends shockwaves across the region’s trading floors
One bank is said to be making provisions for non-payment of loan while others prepare to roll over some of their near-term debt obligations
Evergrande's financial woes have potentially destabilising consequences for the banking and financial system that may reverberate through the economy.
Asia’s investors struggled to keep up with Wall St amid Covid fears, the Evergrande debt crisis and China’s regulatory crackdown draining the enthusiasm on trading floors
(AF) Beijing has stamped out financial blogs and social media, choking off a valuable source of data that had...
Positive US inflation data failed to lift the region’s markets as Covid’s impact and news of Beijing’s latest series of crackdowns - this time on Macau’s casinos - saw shares slide
Impending political change in Japan has spurred the Nikkei to new peaks but worries over an overheating US economy, the tapering of Washington’s stimulus package and Beijing’s regulatory crackdowns dampened the mood elsewhere
The forecasting firm predicts that local authorities in China will pull out all the stops to put off a default and mitigate any economic fallout
Factory gate inflation in the US soared to over 8% in August while China’s continuing regulatory crackdown saw market heavyweight Alibaba plunge more than 4% after officials ordered sweeping changes to payment app Alipay
In This Section
AF Market Insights
-
China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
Market InsightsChina Stock Market Guide: Everything You Need To Know
AF China Bond
China Stock Markets
-
SemiconductorsTaiwan to Fine Foxconn After Unauthorised Chinese Investment -
Market InsightsChina’s Covid Infections Rise Further as Outlook Darkens
AF TV: Market Analysis
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
-
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.
-
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
-
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.
-
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.
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
