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

The electric car has prompted a race for dominance in the battery-making sector – with the likes of CATL, LG, Panasonic and Samsung all looking to surge ahead

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.

With Evergrande reeling under a $305 billion debt pile, it has emerged others are also staring into the financial abyss – with Sunshine 100 China Holdings, China Oceanwide Holdings and China Fortune Land Development all defaulting on payments this year