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Bourse blames outdated info after it suspended the review of 57 IPO applications affecting over $21 billion in targeted fundraising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
The Hang Seng leapt nearly 2% after China’s fine on food delivery giant Meituan for monopolistic abuses was less than expected and Alibaba shares rose by a healthy margin
Japan’s leading refiner is beginning its move away from fossil fuels with the purchase of the solar, wind and biomass operation from Goldman Sachs and GIC
The Taiwanese tech giant has moved to reassure customers after White House politicians warned they had ‘tools’ to help them collect data about the ongoing semiconductor shortage
Wall Street rallied and Hong Kong and Tokyo followed suit after Washington’s politicians declared a truce, but inflation and energy crunch fears persist.
The unprecedented global shortage in semiconductor chips has helped boost the South Korean tech giant’s revenues and shares, which soared 45% last year and hit a record high in 2021
Move has sparked concerns that young but booming gaming sector – which has seen foreign investors pump in millions of dollars – will suffer catastrophically
There was an air of gloom across Asia’s trading floors on Wednesday with investors preoccupied by price rises, the political stand-off in Washington and Beijing’s regulatory crackdowns
Feverish selling broke out after developer Fantasia Holdings missed a bond payment on Monday and Kaisa, Central China Real Estate and Greenland all suffered on Tuesday