Latest: Asia Stock Market News
The yuan sank to its weakest level in more than 17 years on Wednesday with US-China trade tipped to be halved by new US tariffs, while US Treasuries were also subject to intense selling
China retaliated on Wednesday after the Trump Administration imposed a 104% tariff on Chinese goods – by hiking their levy on US exports to 84%.
Renewable power generation provided a record 32% of global electricity last year
Analysts said both sides seem "unwilling to back down" and they fear "the worst may be yet to come." In that event, China may move to boost domestic consumption, and start war games
Investor fears cooled on Tuesday after China and the EU pushed back against Trump's tariff threats, while advisers and US business leaders urged the President to target business deals
The Trump Administration was reportedly “hours away” last week from announcing its proposed spin off of TikTok US, until tariffs wrecked the deal
Video game enthusiasts in the US say Trump's tariffs are having negative impacts on them - and they're angry about what he's done
The Hang Seng saw its largest fall since 2008, while stocks in Japan and Taiwan were also hit hard. Over 50 nations are trying to negotiate smaller tariffs with the US
Beijing said it would impose 34% tariffs on imports from the US next week and limits on rare earth minerals, but countries in Southeast Asia are still coming to grips on how they will manage the trade crisis
Trump on Wednesday announced China would be hit with a 34% tariff, on top of the 20% he previously imposed earlier this year
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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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