Latest: Asia Stock Market News
Ministry of Finance, the BOJ and the Financial Services Agency express concern over yen weakness in strongest signal so far that Tokyo may step in to stem the slide
Tesla also said Oracle co-founder Larry Ellison, a friend of chief executive Elon Musk, will not stand for re-election to the electric vehicle manufacturer's board
Analysts say there may be worse to come amid concerns over a disappointing earnings report and the imminent end of a 30-day lockup period for anchor investors.
Most Asian markets fell on Friday, unnerved by the return of Covid restrictions in Shanghai after new Covid cases were reported. Investors were also wary ahead of US inflation data later in the day
China-Russia trade reached $65.81 billion in the first five months of this year, up 28.9% over 2021, according to customs data released by China on Thursday
A net 26.1 billion yuan, or $3.9 billion, flowed into Chinese mainland-listed stocks via the Hong Kong Stock Connect programme in the first five days of June
The Japanese yen, which has lost over 14% against the dollar so far this year, slipped to a 20-year low versus the dollar on Thursday
The official PPI rise followed a 8.0% increase in April, and was in line with forecasts in a Reuters poll. It was the weakest reading since March 2021
Billionaire Jack Ma's fintech group aims to file a preliminary prospectus for the share offering in Shanghai and Hong Kong as early as next month, sources told Reuters
Asian stocks were subdued mostly on Thursday as investors worried about a new Shanghai lockdown and possible rate hikes at an ECB meeting later today.
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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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