Latest: Asia Stock Market News
Asia Financial's Future of Money index, a basket of 10 leading cryptocurrencies, has plunged 19% this week alone and is down 27% during the past month.
The sell-off was triggered by deepening investor worries over inflation and higher interest rates. Cryptocurrencies were dragged down, too.
The prospect of major rate hikes with US prices soaring sent the region’s markets into a tailspin with tech stocks like JD.com leading the plunge
The JD Technology IPO is a $2-billion listing planned for Hong Kong later this year, but it has been held up by CSRC concerns over its consumer fintech business.
South Korea's Coupang is trading 70% below its listing price and is one of many SoftBank portfolio companies, including Didi and Grab Holdings, that tumbled in the January-March quarter.
The state-owned enterprise has noticed sharp growth for its medical aesthetics business after the company became the exclusive distributor in China for Letybo, a botox product
The company upset Chinese regulators by pushing ahead with a $4.4 billion listing in the US despite being asked to put it on hold. Shareholders will vote on its US delisting plan on May 23.
Nomura said yuan depreciation could also add modest inflationary pressures, as China is the world’s largest importer of energy and agricultural products
The Hong Kong Monetary Authority bought almost HK$1.6 billion ($202 million) of the territory's currency after it fell to its lower limit of HK$7.85 in New York trading hours
The fund outperformed all other actively managed US equities in 2020 on the strength of its portfolio of companies such as Zoom Video Communications and Teladoc Health
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
