Latest: Asia Stock Market News
Noronha holds a 2% stake in Avenue Supermarts Ltd, which owns DMart, a chain of hypermarkets in India. He has helped Damani, the company founder, boost his wealth to over $20bn
Hong Kong and Taipei put on more than 1% each, while Shanghai, Tokyo, Seoul, Singapore, Wellington and Manila also saw healthy gains.
The bond market has responded positively to comments from China's central bank saying the spillover effects from Evergrande's debt woes on the banking system were controllable
Trading showed strong demand from investors in China for hedging tools amid market volatility - and a battle for derivatives dominance between Hong Kong and Singapore.
Soaring prices, energy crunches and a likely end to easy money all contributed to a less than energetic opening to the week’s trading
Banking giants JP Morgan Chase and Morgan Stanley returned strong earnings figures though traders remained distracted by soaring prices and tapering worries.
Traders were buoyed by optimism about the long-term recovery but caution was also evident with prices rising and tightening in view
Shares of Chinese real estate firms slip as investors worry about the debt crisis that has hit the property sector, including China Evergrande Group, following fresh rating downgrades.
A surge in prices has shortened the odds on the Federal Reserve lifting interest rates after it has wound down its massive bond-buying programme
Local developers' shares and bonds fell further on Wednesday after Evergrande missed a third round of interest payments on dollar bonds in three weeks
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
