Latest: Asia Stock Market News
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.
Of the 53 clean-industry projects the country has in development, only two managed to reach a final investment decision this year
French politicians, retailers and regulators have waged a campaign to oppose Shein's expansion, seeking to protect high street retailers ahead of tough new legislation on online platforms, which Shein has fought against
Under the deal, Boyu will hold up to 60% of a new joint venture, while Starbucks will hold 40% and continue to license the brand and its intellectual property
China is seeking to woo foreign visitors, to revive its tourism sector and boost foreign engagement at a time when it is struggling with high US tariffs
America's top court will hear the fight against Trump's tariffs this week; an adverse ruling could be messy, but analysts say he would just use other avenues to achieve the same goal
Hong Kong's Securities and Futures Commission will relax rules to allow locally licensed virtual asset trading platforms to share global order books with affiliates overseas
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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
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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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