Latest: Asia Stock Market News
Ratings agency S&P Global downgraded Greenland to "selective default" on Wednesday after the state-backed property developer extended the maturity of $488 million in bonds
While one board member said a weak yen benefitted the economy given the global downturn, others were worried about excessive currency volatility
The move applies to the China New Horizon Mixed Securities Investment Fund and Hong Kong Stock Connect Long Horizon Mixed Securities Investment Fund
Prime Infrastructure is building the world's largest solar power facility combined with a 4,000-4,500 megawatt-hour battery energy storage system
Colombo has called in financial advisers Lazard as it prepares to renegotiate its complex web of creditors, including bilateral loans from Japan, India and China
``Global investors' appetite for Chinese assets will remain low as China's outlook is highly uncertain due to the zero-Covid policy,’’ says Oxford Economics.
Investors took a breath on Tuesday after a weeks-long slump, with the Nikkei and Hang Seng recovering some of their recent losses
Tianqi's listing on the Hong Kong Stock Exchange could become the bourse's biggest initial public offering this year
Japan's Nikkei closed at a five-week low while South Korea hit its lowest levels since November 2020 and shares in Kuala Lumpur ended at their lowest point in two years
IPO proceeds in the Asia Pacific this year up to June 14 were down 26% from last year, while the count was 31% less than 2021, while global listings are less than half of last year
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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
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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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