Latest: Asia Stock Market News
Asia-Pacific is no one's backyard and should not become an arena for big power contest, the Chinese President said
Gloomy forecasts from US memory chip outfit Micron Technology overnight sent Asian indexes into retreat with tech firms leading the slide
SoftBank's Vision Fund is the second-largest shareholder of Paytm, whose shares have tumbled more than 60% since it went public a year ago
It is imperative for the island to remain competitive as countries including the United States, Japan and South Korea offer billions to bolster their chip industries, the economy ministry said
Hong Kong's Hang Seng Index tumbled 2.7%, with its tech stocks slipping more than 5%. Mainland Chinese shares also declined, with blue chips falling 1.2%.
Analysts think the switch is down to a view that Pinduoduo's global ambitions and cheaper products give it an edge over JD.com's domestic business
China appears have made a key step forward in resolving a longstanding bilateral dispute, but sources say a broader review of work done by China-based auditors is still going on.
The news comes after China's biggest company reported a second straight quarterly sales drop, hit by the economic slowdown and China's regulatory crackdown.
The mystery missile strike on a Polish village near the Ukraine border panicked traders though US President Joe Biden later claimed it hadn’t come from Russia
The move is an effort to bolster ASML's relations with customers like Samsung and SK Hynix in the face of new US chip sanctions against China
In This Section
AF Market Insights
-
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
-
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
-
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.
-
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
-
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.
-
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.
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
