Latest: Asia Stock Market News
Investors were in downbeat mood at the start of the week with China’s regulators targeting its tech giants again over undisclosed takeovers and mergers
The Hang Seng Tech Index plunged 3.9%, dragged down by the falls of tech giants Alibaba and Tencent. Rising Covid cases also hurt market sentiment.
The dollar climbed to as high as 137.28 yen in morning trading, its highest since late 1998 before lightly paring those gains
Evergrande said it is in negotiations with bondholders to reach a deal as soon as possible, its statement to the Shenzhen Stock Exchange showed
The China State Administration for Market Regulation, which is responsible for stopping monopolistic behavior, has fined Alibaba, Tencent and numerous other companies.
The region’s markets saw a pullback in shares after Shinzo Abe’s shooting while fresh Covid outbreaks weighed on China stocks
The controversial trade shows how Russia could continue to sell commodities abroad without settling in US dollars despite sanctions imposed over its invasion of Ukraine
US and EMEA investors put a record $5.8bn into Chinese equities in June after Covid lockdowns ended in Shanghai and other cities and regulators said they would ease their tech sector crackdown
Stuart Kirk, then head of sustainable investing, told a Financial Times event in May that central bankers were overstating warnings about the threat from global warming.
The government is looking to boost infrastructure investment to achieve its 5.5% gross domestic product (GDP) growth target for 2022.
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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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