Latest: Asia Stock Market News
Chinese markets were among the worst hit, with Hong Kong and Shanghai both down 2.3%, Shenzhen off by 2.9%, while the Nikkei fell 1.4%
Japanese stocks had their best day in nearly two weeks, China equities advanced and world shares hit seven-week highs
HSBC plans to boost dividends rather than split the bank in two, saying any such move would generate huge one-off execution costs and could hit regulatory setbacks
The US Securities and Exchange Commission on Friday added Alibaba to a list of Chinese companies that could face delisting from US exchanges, triggering an 11% drop in its shares.
The yuan on Monday extended a decline it has endured for the past five months, while China's economy remains mired in concerns about Covid and heightened international tensions
The Japanese currency was boosted by bets US interest rates are close to a peak after the world's biggest economy contracted in the June quarter
Sharp falls in Hong Kong were led by its major tech firms as investors worried about more regulatory clampdowns
The policy, driven from the top by Chinese leader Xi Jinping, has resulted in pay cuts and delayed bonuses for staff of state-owned lenders such as CICC and Citic Securities
Known for its garment-exporting industry, Bangladesh needs the funds for its balance of payment and budgetary needs, as well as for efforts to deal with climate change
Companies globally are grappling with rising costs of raw materials, labour and logistics as China's zero-Covid policy strained supply chains and war in Ukraine pushed up energy prices
In This Section
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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