Latest: Asia Stock Market News
Traders are banking on a cooling in US prices which will see the US Fed slow down its rate hikes charge
Regulators have asked banks to provide more convenient settlement services, to extend overseas yuan lending and 'encourage innovation in cross-border yuan settlement'
Firms from Hyundai Motor to BYD are set to focus on electric cars, while Maruti Suzuki and Toyota Motor are expected to also showcase hybrid and hydrogen fuel-cell vehicles
Several Tesla owners in Shanghai also said they felt misled by Tesla sales staff who told them they would face higher prices in the new year
Investors are optimistic US inflation will show signs of cooling this week but opinion is split over China’s post-Covid recovery prospects
Investor optimism over China’s post-Covid bounceback was dampened by the reality of the gloomy global outlook and a hawkish Fed
Tesla has chosen to lower prices and take some additional downtime at the Shanghai factory to bring supply and demand back in balance
Buffet’s Berkshire Hathaway also traded $80.7 million worth of Hong-Kong listed shares in the Chinese automaker in November
Investors were encouraged by China’s curbs rollback and signs inflation is cooling in the US which could see a slowdown in rate hikes
The Nikkei and Shanghai indexes rallied on optimism over an economic fightback in China while the Hang Seng was hit by profit-taking
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
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China Stock Markets
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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
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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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