Latest: Asia Stock Market News
South Korean President met with economic officials on Friday, when the won traded 0.6% higher, amid talk of modest intervention in the forex market. The won hit a 13-year low recently.
China's factory activity rose in September but service sector growth slowed as the economy battled low demand and Covid curbs. The PMI data shows it is struggling to avoid contraction
This was the fourth straight increase, as policymakers extended their battle to tame stubbornly high inflation and analysts said further tightening is on the cards.
Finance Minister Shunichi Suzuki made the pledge after his government last week intervened in the forex market to help the yen for the first time in 24 years
Management measures are enough to ensure market stability if there were large capital outflows, central bank governor Yang Chin-long said
It was all about currencies again on Thursday as the soaring US dollar continues to hammer the yen, yuan and pound
Leapmotor's plummet was Hong Kong's worst trading debut this year and is on track to be the steepest first day decline by a listing larger than $250 million
Central bank has rallied state banks to defend the currency, urging them to be prepared to sell dollars in offshore markets to stem the yuan's descent
CIFI's shares plunged over 32%. Investors were shaken by the sector crisis reaching CIFI, one analyst said, as it was considered one of China's few resilient private developers.
Trading boards in Tokyo, Hong Kong and Shanghai were a sea of red again with central banks poised to hike rates even further as inflation soars
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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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