Latest: Asia Stock Market News
The developer had been planning to use presale funds due to pay $29.5 million in interest on the bond that was required to be repaid last month
China stocks closed higher as investors took comfort in lower Covid-19 cases, while US President Joe Biden's decision to consider eliminating Trump-era tariffs on Beijing lifted risk appetite.
Vingroup Chairman Pham Nhat Vuong tells company's annual general meeting the conglomerate was prioritising spending on VinFast and gave an aggressive car sales target.
Shares in KE Holdings, which operates the online property platform Beike, opened at HK$30 each
The company currently faces many challenges, including lower demand for steel in China, market volatility triggered by war in Ukraine and a weak yen
Chinese investors are pumping funds into bonds, deposits and the money market, as Covid lockdowns slow the economy – and stock markets slump
A Wall Street rout sparked a slump across Asia on a gloomy day for investors worried about growth in China and war in Eastern Europe
The Hang Seng Tech Index was down by 3.3% at the close of trading in Hong Kong and has dropped by about 12% since April 28
China blue-chips fell as trade data highlighted impact of Beijing’s strict Covid restrictions and lockdowns on world’s No-2 economy
Speculation that Russia may declare full-scale war on Ukraine to call up reserves during "Victory Day" celebrations also hit market sentiment
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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
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
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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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