Latest: Asia Stock Market News
Asian markets were generally subdued on Tuesday – except for India, where news that the Modi government may fall short of a big election win caused shares to sink
The 5-gigawatt (GW), 200,000-acre solar farm in Xinjiang came online on Monday, the Power Construction Corp of China said
China has suffered a big slowdown in home building, but analysts say the economy will be weighed down for years by huge debts because a major bailout is unlikely
The country's central bank has provided a huge sum to protect Saigon Joint Stock Commercial Bank after it was rocked by a record financial fraud
Japanese officials have ordered Toyota, Mazda and Yamaha to suspend shipments of some vehicles for submitting incorrect or manipulated safety test data
"Beijing and Moscow were discussing ring-fencing one or more banks that would finance trade in components for Russia's defence industry" - likely to incur US sanctions
More US law firms have left or are about to leave Shanghai, as business activity between the world's top economies continues to drop
The Modi government – widely expected to be returned to power this week – has plans to increase India's share of global manufacturing to 5% by 2030 and 10% by 2047
Last month, China announced "historic" steps to stabilise the sector, with the central bank easing mortgage rules and facilitating $140 billion in extra funding
Market analysts say the projections lifted uncertainty about the likely result and signalled the continuity of Modi's economic policies. But exit polls have a patchy record in India
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
