Latest: Asia Stock Market News
Asia's markets mostly rose after fresh records on Wall Street, but concerns over China's zero-Covid policies limited gains.
Default by another building company adds to worries about spiralling impacts from China Evergrande's enormous debt crisis, as officials from the state planner meet with developers.
Shares in China Evergrande Group's electric vehicle unit rose as much as 5.8%, but the parent company's stock plunged by similar level.
Tesla crosses $1-trillion stock market valuation for the first time in its history after the electric carmaker received its biggest order ever from Hertz.
Asia’s markets were also spooked by inflation fears and Fed tapering worries but Evergrande’s last-ditch bond interest payment has lifted spirits
The mood in Hong Kong was boosted by news that the ailing real estate giant had made an important offshore interest payment – just before Saturday's deadline
Chinese government’s efforts to curb domestic power consumption restrict supply, threatening industrial production and closure of auto plants.
Regulators vow to roll out counter-cyclical adjustments if wide fluctuations continue
National Development and Reform Commission advisory comes as thermal coal futures tumbled 13%, extending losses to fourth day
Media company pins hopes on combination of cash reserves, £100 million loan from Nikkei and upbeat performance forecasts
In This Section
AF Market Insights
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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
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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
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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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