Latest: Asia Stock Market News
The rupee was trading around 82.40 to the dollar on Tuesday, having hit a low of 82.6825 on Monday, currency traders said
Huatai-PineBridge applied for an ETF to invest in top Korean chip firms such as Samsung and SK Hynix, as well as Chinese chipmakers like SMIC and Montage Technology
Low supply of specialised chips are key challenge, Tata motors said, hoping that new supplier deals will boost sales in the second half of the fiscal year
A surprise drop in US unemployment dashed hopes of a pivot on tightening ahead of key inflation figures this week, which are expected to see core prices move higher again
Stagnant demand from China, monetary policy tightening, and high inflation were the key causes of falling exports, Finance Ministry official Beatrice Tsai said.
Analysts expect a 50 basis point hike in the key interest rate to 3.00% when the Bank of Korea reviews policy at its October 12 meeting.
US Federal Reserve chiefs reasserted their commitment to capping inflation sending stock indexes across the region downwards again
Japan's foreign reserves fell by a record $54 billion last month after its rare intervention in the currency market two weeks ago
The S&P Global India services PMI data fell from 57.2 in August to 54.3 in September, but still well over the 50-mark separating growth from contraction for the 14th straight month
Japan's Nikkei reached a two-week high but Hong Kong’s Hang Seng dipped on a thin day of trading ahead of key employment figures from the US
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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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