Latest: Asia Stock Market News
Among the top applicants for GenAI patents were China's ByteDance - which owns video app TikTok - and e-commerce giant Alibaba Group
South Korea's Hyundai Motor and LG Energy Solution opened the first EV battery plant in Indonesia on Wednesday. It is part of a $9.8bn plan to set up an EV supply chain in SE Asia's biggest economy
Confidence in China's services sector hit a 4-year low in June, according to a private survey, which blamed a drop in foreign orders. Meanwhile, Japan also saw a slide in services activity.
The EU is set to confirm provisional tariffs on Chinese EVs on Thursday, but many states are yet to decide on whether tariffs or a negotiated solution is the better outcome
Any larger scale or protracted industrial action would be a headache for Samsung as it scrambles to catch up with rivals in chips used for artificial intelligence
Beijing is working to fill a gap in its regulatory framework - on a law that will establish a fund to rescue troubled financial institutions
Trade minister says tariffs of 100-200% would be imposed on Chinese imports, from footwear to ceramics, as the government wanted to ensure local "industries will survive and thrive."
Five of the seven Chinese securities units that are part of US or European banks made a loss or reported a big fall in profit last year
The move follows a call by the financial regulator for companies to unwind cross-shareholdings, which are seen as spurring lax governance
US backs a UN resolution aimed at boosting international cooperation on AI capacity-building, but China's envoy says America's ban on AI investment in China is problematic
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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 -
Market InsightsChina’s Covid Infections Rise Further as Outlook Darkens
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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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