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A retail sales recovery in China also boosted sentiment as investors recovered their composure after the Silicon Valley Bank collapse
Data was in line with hopes for an economic revival led by consumption as flagging global demand weakened Chinese exports
One of the government officials directly involved in the matter said New Delhi is "not comfortable" with foreign trade settled in yuan but said settlement in "dirham is okay"
Over the weekend, India’s SVC Bank rushed to calm panicked depositors after they mistook it for the California based Silicon Valley Bank
Tokyo banking shares plummeted their most since the beginning of the Covid-19 pandemic while Hong Kong’s Hang Seng finance subindex dropped too
"No other bankers in the US provide the level of services SVB used to offer," said an executive at a major Chinese investment bank, which has deposits at Silicon Valley Bank
BYD’s Europe president said the company doesn’t “understand what happened” to the UK after its decision to exit from the European Union
Investors hope premier Li Qiang's close ties with president Xi Jinping will enable him to push for more business-friendly policies
Investors were hit with mixed messages on Monday as a banking crisis threatened to spread while China’s economy showed signs of bouncing back
The island's defence ministry said China was increasingly "adopting an actual war approach and shifting from training to combat preparation"
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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 -
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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
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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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