Latest: Asia Stock Market News
A feeble yen is less of a benefit for Japan’s manufacturers than it used to be as companies have moved production and supply chains overseas
About 10 officials from the China Securities Regulatory Commission and the Ministry of Finance have arrived in Hong Kong to aid and monitor the audit inspection, sources say
Hong Kong stocks tumbled to a near 11-year low and Japan shares slipped after the US Fed hiked rates again and warned there was more pain to come
Japanese government sells dollars to stem sharp recent falls in the yen - their first intervention in the foreign exchange market since 1998
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.
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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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