Latest: Asia Stock Market News
Traders were in positive mood on Thursday with tech firms encouraged by Samsung’s results and receding fears of recession in the US
In a proposal to bondholders, Hong Kong-listed Powerlong aims to pay 5% of principal on the due date of the bonds, 15% after six months, and the final 80% after 12 months, sources said.
The deal is part of one-year pilot programme to test the new fuel for planes
China bonds registered $2.5 billion of outflows last month, the fifth consecutive month of foreign outflows, but over $9.1 billion of foreign inflows went into China's stock market in June, the IIF said
The RBI is bringing in several new measures to help increase its flow of foreign exchange as the Indian currency continues to struggle
Traders across the region were in downbeat mood over slowing growth, surging inflation and impending rate hikes
Environmental, social and governance rules require investors to avoid defence stocks, discouraging big investors such as pension funds, while China and Russia have nationalised defence industries.
Hong Kong Exchanges and Clearing has also enlisted Standard Chartered, BNP Paribas and the Bank of China to help develop a global carbon market
The amount is "nearly 170% of the total raised in the first half of this year by all China-focused private equity and venture capital groups," the FT reported.
Investors were buoyed by news the US may scrap some tariffs on Chinese goods but new Covid outbreaks in eastern China weighed on any gains
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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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