China property stocks surged on reports of policy easing but analysts said regulations to rein in housing prices are little changed
News of the Evergrande payment helped buoy markets in China, while Tokyo, Singapore, Wellington, Jakarta and Bangkok were also in positive territory.
Didi is preparing to relaunch its ride-hailing apps in China by year-end as it anticipates a regulatory probe into the company will end by then, three people directly involved in the relaunch said.
Musk sold 3% of his shares, partly to satisfy tax obligations related to exercising stock options. Tesla shares have rebounded since he asked followers on Twitter to vote on what he should do.
China’s slowdown is likely to intensify, according to analysts at Nomura. They say four negative shocks will hit growth until a threshold is reached in early 2022
SoftBank shares enjoyed the biggest daily rise in 11 months, lifting the group's capitalisation above $100 billion. Trading volume was double the 30-day average
Values of Asian equities dropped to a 17-month low at the end of October on concerns over China's weakening economy and pandemic related factors
Markets in Asia mostly followed the lead of US markets, which are at record highs, but Tokyo, Sydney, Mumbai and Singapore edged down on Tuesday
The central bank's latest Financial Stability Report says the debt crisis in China's property sector could strain financial markets and affect the US by posing risks to global economic growth
Social e-commerce app Xiaohongshu – 'Little Red Book' – says it has raised new funding from existing shareholders who increased their stakes in the firm
CEO said the latest results, a net loss of $3.5 billion in July-Sept 2021, could be boiled down to one word – "Alibaba"
Paytm's stock listing is expected to make it India's most valuable tech company with a valuation of about $20 billion.