Latest: Asia Stock Market News
Hong Kong shares plummeted as investors fretted over China’s recovery prospects after Xi Jinping revealed his new leadership team
Hong Kong stock index falls over 6% to levels last seen in the 2008 crisis, with shares of Alibaba and Tencent down 10% and 8% on fears economic growth will be sacrificed for ideological policies
Japanese PM Fumio Kishida said the two nations had been working to achieve a free and open Indo-Pacific under "an increasingly severe strategic environment"
"I think with China it's the same as with Russia. It is in their interest that we are divided," Estonian Prime Minister Kaja Kallas said
"Our view is that China is still going to provide a bit of stability to global economic growth over the next year," Chief Executive of BHP Group Mike Henry said
China's yuan sank to its lowest level since January 2008 on Friday, despite major state banks selling dollars to try to stabilise the weakening currency
Investors weren’t in a risk-taking mood on Friday with worries over a global downturn forcing bourses across the region intro retreat again
Australia and Japan are expected to update their security agreement, given China's aggressive posturing over Taiwan and the South China Sea. But Tokyo also wants help with its energy transition
This year's congress was attended by 18 delegates who hold executive roles at private companies, down from 34 in 2012, the FT said
Japan's core consumer inflation rate rose 3% last month to a new high, adding pressure on the Bank of Japan and its soft interest rate policy, which has caused the yen to plummet
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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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