Latest: Asia Stock Market News
Google has done a deal with Australia's defence department for a data centre on its remote Indian Ocean frontier as part of a subsea cable link between Australia and Asia
Customs data released on Friday showed that Chinese exports fell by more than expected in October despite the trade truce agreed to by the two countries. Imports were also down.
The US wants to boost its influence in a region dominated by Russia, and courted by China. It is keen to get access to Central Asia's energy and mineral resources.
Finance Minister Nirmala Sitharaman wants more 'big banks' and says efforts are underway to consolidate some of the country's 12 state-owned banks
Judges sharply question whether the president has the right to impose global tariffs without the backing of Congress. An adverse ruling likely means more confusion and possibly a messy refund process, analysts say
Nvidia will mentor India's emerging deep-tech startups and also participate in research projects and policy dialogue in the country
Legendary investor Michael Burry has bet big that the AI 'bubble' is set to burst, a new report says
Chinese regulators have banned the use of foreign chips in data centres supported by state funds, saying they must only use locally-made computer chips, sources say.
The Nikkei plunged by almost 7% from the record high reached on Tuesday, while South Korean shares dropped by 6.2%. Both markets clawed back some losses in afternoon trading.
The energy subsidies are part of China’s larger push to subsidise its AI and semiconductor industries. Its outlay for AI alone is expected to reach $98 billion this year.
In This Section
AF Market Insights
-
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
-
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
-
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.
-
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
-
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.
-
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.
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
