Latest: Asia Stock Market News
Soaring prices, energy crunches and a likely end to easy money all contributed to a less than energetic opening to the week’s trading
Banking giants JP Morgan Chase and Morgan Stanley returned strong earnings figures though traders remained distracted by soaring prices and tapering worries.
Traders were buoyed by optimism about the long-term recovery but caution was also evident with prices rising and tightening in view
Shares of Chinese real estate firms slip as investors worry about the debt crisis that has hit the property sector, including China Evergrande Group, following fresh rating downgrades.
A surge in prices has shortened the odds on the Federal Reserve lifting interest rates after it has wound down its massive bond-buying programme
Local developers' shares and bonds fell further on Wednesday after Evergrande missed a third round of interest payments on dollar bonds in three weeks
China's continuing regulatory assault on its tech sector and the ongoing debt woes of Evergrande and many more of the country’s property giants also dampened the mood
The Shanghai-based firm has total liabilities of $1.01billion as impact of China Evergrande’s struggles continues to be felt across country’s property sector
Bourse blames outdated info after it suspended the review of 57 IPO applications affecting over $21 billion in targeted fundraising
And another real estate firm, Modern Land, is seeking to delay repayment on a dollar bond in a bid to avoid a default as Evergrande’s struggles continue
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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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