Latest: Asia Stock Market News
With new tailwinds from a commodities rally, driven largely by the war in Ukraine, the red-hot market for battery-grade lithium carbonate shows no signs of easing
Asian stocks saw a mixed start to the week with Hong Kong and China hurt by new Covid restrictions but Tokyo and Mumbai advancing on hopes of Ukraine peace talks
Vision Fund sold 50 million Coupang shares for $20.87 each, according to a filing to the US Securities and Exchange Commission dated Friday, leaving it still with 461 million shares
India is considering taking up a Russian offer to buy its crude oil and fertiliser commodities at discounted prices with payment via a rupee-rouble transaction, officials have said
The rapid spread of Covid is heightening investors' worries over slowing growth. The blue-chip CSI300 index fell 3.1%, and Shanghai Composite dropped 2.6%, its biggest daily fall since July 2020
Musk retweeted an article saying the Ukraine-Russia conflict had sent commodity prices to their highest levels since 2008, and said his companies "are not alone"
One of the world's top nickel producers faces massive losses on its short positions after prices soared over $100,000 per tonne last week and forced LME to halt nickel trading
A change to the excise is on the agenda in the internal debate over the March 29 budget alongside a tax plan designed to win back voters at the election due in May
EU filed a complaint against Indonesia at WTO for the Southeast Asian country’s restriction on nickel ore export, but Indonesia remains unbothered
People are investing in the safe-haven asset amid rising inflation and market volatility due to factors such as Russia's invasion of Ukraine and fears over the Omicron Covid-19 variant
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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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