Latest: Asia Stock Market News
Investors across the region were boosted after the UK scrapped its proposed tax cuts while China shares dipped amid confusion over the release of key data
Cash has flown mostly out of the bond market, because of China's slowdown, but analysts say there are signs local money is being moved out as confidence in the country's outlook drops
Jakarta’s stock market is Asia's best performer this year and the rupiah held out against a forceful US dollar until last month when it slid slid 2.5%
The data for China's gross domestic product had been highly anticipated after its economy grew just 0.4% in the second quarter. Other economic data has also been suspended.
There were gains for bargain-buyers at the start of the trading week but most investors are preparing themselves for a global slowdown
State banks sold a high volume of US dollars and used swaps and spot trades to defend the weakening yuan on Monday, sources said. One said the operation was 'rather huge'
"There is a need to make a quick move to attract more foreign investment into our treasury bond market," finance minister Choo Kyung-said.
The soaring US dollar continued to pile the pressure on Japan’s yen on Friday with Tokyo poised to intervene if they see “excessive volatility”
IMF director said soaring prices and plummeting currencies have left “several countries at high risk of debt distress”
Equities across the region tracked their US peers overnight bouncing back after a long retreat buoyed by economic support pledges from Beijing
In This Section
AF Market Insights
-
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
-
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
-
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.
-
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
-
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.
-
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.
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
