Latest: Asia Stock Market News
Meituan said on Tuesday it would lower commissions for merchants on its platform, capping fees for around a million small and medium sized merchants facing difficulties at 5%
Tokyo, Singapore, Taipei, Manila and Wellington all rose more than 2% as the dust settled on the West’s widespread sanctions against Russia
Research shows that by 2040 information and communications technology companies will account for 14% of global emissions, up from 1.5% in 2018
Asia investors’ mood was lifted by the promise of talks between Russia and Ukraine but the risk of extended conflict – and its impact on the global economy – remains
Oil, grains rise; Palladium prices surge, gold climbs; Aluminium at record-high; Nickel up on Russian supply worries; Fears of food inflation as wheat, corn, edible oil prices rally
Oil giant BP says it will exit its Rosneft stake worth $25 billion. Meanwhile, leases on over half the 980 jets in Russia may be severed by foreign firms because of sanctions.
Malaysia would marginally benefit from higher oil prices while China bonds would provide some defensive cover in portfolios, says DBS.
Chinese payment-related stocks jumped on Monday as investors wagered that kicking banks out of the SWIFT system would benefit China's own cross-border payment system, CIPS
China boosted purchases for its oil reserves even as oil prices soared, despite US calls for a coordinated release of stocks to cool the market
SWIFT sanctions against Russia seen as an event that will curb use of the dollar. Shares of payment firms such as Newland Digital Tech, Lakala Payment and Client Service rose strongly
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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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