Latest: Asia Stock Market News
Shares of Adani Enterprises were down 11%, while stocks of five other group firms – Ambuja Cements, Adani Power, Adani Transmission, Adani Total Gas and Adani Green were down 5% to 9%
The Taiwanese tech giant already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple and Amazon
Investors were in downbeat mood at the prospect of a long battle with inflation while China’s markets were buoyed by recovery hopes
Japan also said there has been confirmation of suspected balloons flying over it, including in the open waters off the southwestern region of Kyushu in 2022
The United States imported $538.8 billion worth of goods from China last year and sent exports worth $153.8 billion to the country
“Today, we’re in the strongest position in decades to compete with China or anyone else in the world,” Biden said in his State of the Union address
Japan’s Nikkei was dragged down by poor financial results for Nintendo and SoftBank while China’s markets were weighed down by Sino-US tensions
A corporate filing by Adani Green on Tuesday said the group was "evaluating an independent assessment" on transaction issues and legal compliance
Nintendo, SoftBank Group and Sharp all suffered steep stock falls on Wednesday after investors were disappointed at their latest results
The country’s Ministry of Finance confirmed the record stealth interventions to support the yen took place over three days last October
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
