Latest: Asia Stock Market News
Alibaba powered Hang Seng's rise with its share repurchase plan, while China Eastern shares fell after one of its planes crashed on Monday
The sector posted net outflows of $47 million in the week ended March 18, after experiencing outflows of $110 million the previous week
Most Tencent Music users are in its music streaming unit, but entertainment services like karaoke platforms where people can live stream shows and concerts are its big revenue drivers
Shares in the company, which raised 1 billion ringgit ($237.64 million) in its IPO, rose as high as 34% in the first few minutes of trading
Alibaba's shares rose 4.5% in Hong Kong after the news, while in the United States, its shares closed down 4.3% on Monday
Debt-laden Chinese developer says annual results can't be revealed on March 31 as new audit procedures have been added amid revamp of its operations since second half of last year
Asia’s major markets saw minor gains and losses as the continuing conflict in Eastern Europe and central bank tightening dampened the mood
Arrivals of Saudi crude totalled 14.61 million tonnes in January-February, equivalent to 1.81 million barrels per day (bpd), down from 1.86 million bpd a year earlier, data showed
Fortior Technology, Suzhou Delphi Laser and CellWise Microelectronics will be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as STAR
Both exchanges spent last year preparing new rules to encourage SPAC listings after seeing hundreds of such flotations in the US and worrying that Asian firms would be lured away to list in New York
In This Section
AF Market Insights
-
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
-
SemiconductorsTaiwan to Fine Foxconn After Unauthorised Chinese Investment -
Market InsightsChina’s Covid Infections Rise Further as Outlook Darkens
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
-
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.
-
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
-
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.
-
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.
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
