Latest: Asia Stock Market News
Bearish bets on most Asian currencies rose to record highs, driven by a towering dollar and mounting pressure on the Chinese yuan, which has slipped to a 27-month low
The rest of the world has remained committed to globalisation over the past year, but China has turned inward, European Chamber of Commerce president Joerg Wuttke said.
Investor appetite across the region was subdued with the US Fed poised to deliver a hefty interest rate rise and Russia upping the ante over Ukraine
Sources said the government would be comfortable if the central bank took two years or even longer to get inflation down to its target of 4%.
Share gains were limited as the US Fed is expected to raise rates when a two-day meeting ends on Wednesday, and many other central banks will likely do the same
Loan recipients of China, such as Sri Lanka, Egypt and Ghana, find themselves strapped for cash after suffering severe impacts from the Covid pandemic and global inflation.
Malaysian bonds lured $1.25 billion as foreign inflows last month, the highest since December, while Indonesian bonds obtained about $600 million and Indian bonds also received $483m
The offshore bondholder group, which is represented by Lazard advisory group, made the offer to buy Kaisa's stalled projects to the developer's advisor CITIC Securities, sources said
Some 13 major central banks are due to meet this week – among them the US Fed – with interest rates around the globe expected to soar
The listing by property services arm Onewo Space-Tech Service aims to raise up to $783 million in a deal that will be a key test for investor appetite
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AF Market Insights
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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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