Latest: Asia Stock Market News
The amount is "nearly 170% of the total raised in the first half of this year by all China-focused private equity and venture capital groups," the FT reported.
Investors were buoyed by news the US may scrap some tariffs on Chinese goods but new Covid outbreaks in eastern China weighed on any gains
Investor sentiment remains muted due to widespread fears of a global economic slowdown though Tokyo and China still found gains
KDDI shares declined about 4% on Monday after the biggest outage in the history of Japan's No-2 wireless carrier hit almost 40 million users
Rating agency Moody's is reviewing the Shanghai-based group as it sees a 'contagion risk' spreading to scores of companies across China, the US and Europe
Fears over a worldwide economic slowdown dragged indexes across the region down with losses in Tokyo, Shanghai and Taipei
The London-based bank is preparing to relaunch its business in India at a time when it is increasing its focus on Asia - its biggest region in terms of profit generation
The new firm will take over rights and obligations of Sakhalin Energy Investment Co, in which the two Japanese companies and Shell hold just under a 50% stake
The company had been planning to raise $6 billion last year, but put the deal on hold in December because of the impact of the pandemic and volatile financial markets
Mainland China stocks bucked the trend as easing Covid curbs boosted confidence but the region’s bourses are still set for half-yearly losses
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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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