Latest: Asia Stock Market News
Asian shares fell across the board on Monday as thoughts of more US and EU rate hikes stirred fears of a global recession and shot the dollar sharply higher
Huaqiangbei market in Shenzhen, which houses thousands of shops selling key components like microchips and telephone parts to manufacturers, will be shuttered until Sept 2
The yuan has lost 2.5% against the dollar this month and is on course for its biggest monthly drop since April when Covid lockdowns were imposed in Shanghai and other cities
"Reducing inflation is likely to require a sustained period of below-trend growth," the US Fed chair said. The Dow Jones was down 3% and the Nasdaq 4% after his speech
US regulators were cautious about the deal signed with China on Friday, which will allow initial audits of US-listed Chinese firms in Hong Kong from mid-September
Shares on mainland China slipped on Friday, but Hong Kong rose on news of a possible deal between the US and China with audit teams due to conduct initial checks in the city
Policy work has also been undertaken to assist foreign firms to resume activity amid the Covid-19 pandemic, government spokesperson Shu Jueting said.
China dependence on foreign sources of battery metals such as nickel, lithium and cobalt poses a risk to its electric vehicle industry, a metals industry official said on Friday.
This was the largest share listing in Hong Kong this year and raised $2.1 billion for China Tourism, which is a major duty-free network operator in mainland China
Hong Kong's Hang Seng index posted its biggest jump in nearly four months in a shortened trading session on Thursday, while China shares also rose. Markets elsewhere were mixed
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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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