Latest: Asia Stock Market News
Shares surge about 99% above its IPO price of 300,000 won shortly after market opens, as investors cheer upbeat outlook of global electric vehicle industry
Profits rose 4.2% year-on-year, the slowest rate since April 2020, to 734 billion yuan ($115.9 billion), compared with a 9% gain in November
Profits in the chip business, Samsung's largest division, more than doubled from the same quarter a year ago to 8.84 trillion won
Shares in Canadian subsidiary Turquoise Hill rose 16% in New York overnight after it said it expects to begin caving operations in the next few days
Tencent invested in 258 companies, 60% more than in 2020. Alibaba made 70 investments, up 59% and ByteDance bought into 58 companies, 87% more
Hong Kong, Shanghai, Singapore, Wellington, Jakarta and Bangkok rose, while Tokyo, Seoul, Taipei and Manila edged down. Sydney and Mumbai were closed for holidays.
Dealers said pre-lunar new year holiday corporate demand has helped push the yuan higher while the central banked stayed silent
Evergrande's debt crisis has roiled other developers and global financial markets, contributing to a sharp slump in China's property market
Chinese President calls for economic stability and cautious approach to climate change, in contrast to US climate envoy John Kerry who says the world is "in trouble" and "not on a good track"
Jakarta conducted a test flight using jet fuel mixed with palm oil last year and plans to do road tests for biodiesel containing 40% palm fuel next month
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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
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China Stock Markets
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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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