Latest: Asia Stock Market News
Shares of China's third largest bank fall 11.5% in Hong Kong after the bank's board said late on Monday it would remove Tian Huiyu from his role as president
Chinese mainland stocks also closed down as Covid concerns outweighed the boost of support pledges from Beijing
The unheralded electric vehicle maker has seen a sales rise that now puts it shoulder to shoulder with the likes of Nio
The greenback hits a 20-year high on the yen and tests a two-year peak on the euro, backed by high Treasury yields and expectation of good economic data; Investors are betting the yen will fall further
The yen has dropped about 10% against the dollar this year and worsened inflationary pressures in Japan amid a spike in commodity and oil costs, and supply snags made worse by war in Ukraine
Stocks fell on most Asian markets on Monday amid continued concerns over rate hikes and China's slowing economy.
China Merchants Bank shares plunged the most in seven years after a report that said a bank executive was helping officials with an inquiry.
Traders bought the yen on Kuroda's comment, and helped push the dollar down by 0.22% to 126.28 yen on Monday
Unexpectedly strong GDP data for the first quarter of 2022, not heavily affected by China's worse Covid-19 outbreak in two years, also fails to lift the market
Brokerage and data provider E-House China said it continues to explore ways to secure the requisite funds to repay the 2022 Notes on the maturity date
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AF Market Insights
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
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China Stock Markets
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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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