Latest: Asia Stock Market News
Derivatives that debuted on the China Financial Futures Exchange (CFFEX) offer tools to manage risks in a portfolio of about 1,000 small tech firms
The State Administration of Foreign Exchange (SAFE) said China's foreign debt was expected to maintain "reasonable and orderly" development
The higher fees are expected to generate an additional A$455 million ($315 million) in revenue over the next four years, Treasurer Jim Chalmers said
The two bourses said they would explore new exchange-traded fund (ETF) products and jointly promote environmental, social and governance (ESG) themes.
The nationwide core consumer price index (CPI), which excludes volatile fresh food costs but includes those of energy, rose 2.2% in June from a year earlier
Investors were in a cautious mood, buoyed by Wall Street gains off the back of good earnings reports, but worried about China’s Covid and real estate troubles
The move, which comes amid pressure from Chinese stakeholder Ping An to break up the group, occurred after the lender raised its stake in the unit
Investors across the region followed the lead of a positive Wall Street on Wednesday though fears over China’s property market are deepening
The tally for 2022 bond defaults in China has passed $20 billion, largely because of the debt crisis in the property market. Defaults totaled $9 billion last year.
BCA Research expects China's recovery to be U-shaped this year, failing to repeat the V-shaped resurgence that followed lockdowns in 2020 during the early part of the pandemic.
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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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