Latest: Asia Stock Market News
Tokyo slid backwards, following Wall Street’s lead, as a rise in oil prices and the political stand-off in Washington dampened enthusiasm on trading floors.
Many of China's biggest property firms, including the country's second largest, China Evergrande, have seen their bonds plunge amid worries they face collapse
The troubled property giant’s struggles, added to continued pressure from China's crackdowns on its tech firms and casinos, saw the Hang Seng shed more than 2%
The Nikkei fell by more than 2% with traders preoccupied with unfolding events in the United States and the slow post-pandemic global recovery
Hong Kong slipped after three days of gains while Tokyo retreated following its recent surge to three-decade highs as Wall Street’s uncertainty proved infectious
Hong Kong’s stock market is on track for its worst quarter for new listings since the start of the...
World’s biggest money manager says precipitous drop in China stocks this year is overdone and is ready to “dip its toes” back into the market
Concerns over surging prices in the States as well as Biden’s struggle to gain approval for his huge infrastructure plan – and the ongoing Evergrande crisis – brought an air of gloom to the region’s markets
BMO Global Asset Management and Aviva are among six financial institutions seeking to win ESG concessions from companies they back
The drawn-out debt limit saga in Washington and continuing concerns about the possible toxic impact of China Evergrande’s troubles also brought a downbeat air to trading floors
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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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