Latest: Asia Stock Market News
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
Of 132 IPOs and secondary listings on the city's stock exchange since the start of 2021, which raised some $47.6 billion, 111 are currently trading in the red, new data has shown
India's top rice-producing states of Bihar, Jharkhand, West Bengal and Uttar Pradesh have recorded a monsoon rainfall deficit of as much as 45% so far this season
The dollar was unable to recoup losses after it slid 0.68% over night, as investors remained on the sidelines awaiting US jobs data
Trading in the Hong Kong digital bank's stock, which was regularly noted on Reddit's WallStreetBets this week, has seen its market cap pass Goldman Sachs since listing last month
India's trade deficit and global flows to safe-haven US dollars are key reasons why analysts expect the rupee to trade near its historic low to the dollar over the next three months.
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AF Market Insights
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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
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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
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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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