Latest: Asia Stock Market News
Stock exchanges in Shanghai and Shenzhen had lost about $519 billion in market capitalization, while firms on the Nasdaq Golden Dragon index lost a combined $31 billion
US lender First Republic Bank’s struggles continued to unsettle investors already fearing an economic downturn
Beijing has been pushing hard for the yuan to be used over the US dollar to settle cross-border trades but its use in global finance remains low
The move comes amid repeated warnings from Chinese officials of a severe and complicated situation for foreign trade as export orders plunge
Pony.ai started driverless testing in Guangzhou in June 2021 and has accumulated nearly 200,000 fee-charging robotaxi orders globally as of this month
The probe suggests other companies or industries could be singled out by Beijing based on unclear suspicions, AmCham China said
The First Republic Bank’s woes troubled investors while positive news from Google and Microsoft boosted sentiment in tech-heavy Hong Kong
The announcements follow new US sourcing requirements for EV battery components and critical minerals in order for car buyers to qualify for up to $7,500 in credits
Japan’s Nikkei reached its highest point since last August while mainland China stocks slumped for a fifth straight session
Household savings in China soared 9.9 trillion yuan in the first quarter, after record growth of 17.8 trillion yuan last year
In This Section
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
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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