Latest: Asia Stock Market News
JPMorgan has cut its yuan forecasts twice in a week, and analysts at Standard Chartered, HSBC and others have also turned bearish on the Chinese currency
E-commerce giants Alibaba, JD.com, and Meituan all closed up more than 15% while the Hang Seng Tech index climbed more than 10%.
The yuan has fallen 4.6% this month to 6.63 yuan per dollar in the biggest percentage fall since the currency was released from its peg to the greenback in 2005
Arm unveiled its latest micro controller design and two new systems to help reduce development time of the so-called "Internet of Things" of connected devices.
“No further TSLA sales planned after today," Musk wrote on Twitter after the US Securities and Exchange Commission filings became public on Thursday evening
The benchmark Shanghai Composite Index has slumped more than 8% in April, heading for its worst month in six years
Vale will supply nickel ore for the facility that will use high-pressure acid leaching (HPAL) to produce up to 120,000 tonnes of nickel content per year
Weijian Shan, whose Hong Kong-based group PAG manages more than $50 billion, told a meeting that he would diversify away from the country
China’s Premier Li Keqiang promised to revive disrupted supply chains, as a further fall in daily Covid cases in the country also lifted sentiment across the region
Huawei held just 6.2% of the China handset market in the first quarter, research firm Counterpoint Research said on Thursday.
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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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