Latest: Asia Stock Market News
Evergrande shares hit a record low on Wednesday after a missed debt payment left the firm at risk of becoming China's biggest defaulter, and trading in Kaisa Group stock was suspended
New figures suggest big companies are paying back loans they received last year and are not borrowing as much
The group, which has $82.9 billion under management, said chief financial officer Kirsten Morton would become interim CEO
Crude palm oil prices were projected to range from US$1,000 to $1,250 per tonne in the first half of 2022
The mood on trading floors was also lifted by China's central bank moving to limit the fallout from its property debt crisis with an RRR cut and that helped boost Alibaba’s shares by 12%
Unlike a couple of months ago, the fallout has been broadly contained, with policy makers in Beijing becoming more vocal and markets more familiar, analysts say
Some bondholders did not receive coupon payments due on Monday in what could be group's first offshore default on a public bond. That will trigger cross-defaults on $19bn bonds in global markets
Disappointing US jobs figures also dragged the mood down on trading floors across the Asia-Pacific region on Monday
SoftBank Group shares fell by over 8% in Tokyo on Monday – the seventh consecutive day of decline – as the market digested the falling value of key investments and opposition to the sale of Arm
SenseTime was among eight Chinese tech companies placed on a US blacklist in 2019 amid trade tensions between Beijing and Washington.
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AF Market Insights
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
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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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