Latest: Asia Stock Market News
Tokyo and Hong Kong edged back on Tuesday, ending recent rallies ahead of Wednesday’s US consumer prices report for July
The news, announced by Investment Affairs Minister Luhut Pandjaitan on Monday, follows a meeting between Tesla chief Elon Musk and President Joko Widodo in Texas in May
Asian investors targeted more robust stocks as cautious bargain-buying took place ahead of the release of key US consumer data this week
SoftBank chief Masayoshi Son said the world was "in great confusion" and signalled personnel cuts at the Vision Fund, saying there were no "sacred areas"
Yango and Greenland shares shot up on Monday after news the two struggling developers have won help from state entities to manage their debt crises
A heatwave spurred power generators in China to ramp up purchases of coal in July by 24% over the previous month, driven by greater use of air conditioners in many cities.
China posted a record overall trade surplus in July of over $101 billion, with exports up 18% from 2021, while imports rose 2.3%, which suggests consumption is soft.
The e-commerce giant has been trimming staff to boost efficiency but it plans to hire nearly 6,000 university graduates this year, its CEO said.
Sliding values of stocks held by SoftBank's Vision Fund suggest more bad news when CEO Masayoshi Son reports first-quarter earnings next week
Investors ended the week in positive mood thanks to upbeat earnings reports and bets on more government support in China
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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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