Latest: Asia Stock Market News
The Hang Seng leapt nearly 2% after China’s fine on food delivery giant Meituan for monopolistic abuses was less than expected and Alibaba shares rose by a healthy margin
The world's biggest personal computer maker said it would withdraw its application because financial information in its prospectus may lapse during the vetting process.
Asian markets mostly rose on Friday after a global rally was sparked when US lawmakers voted to avert a catastrophic debt default
Wall Street rallied and Hong Kong and Tokyo followed suit after Washington’s politicians declared a truce, but inflation and energy crunch fears persist.
Analysts say global investors will demand more transparency and disclosure from riskier bond issuers in China and Asia, and better returns, given Evergrande's shambolic financial state
There was an air of gloom across Asia’s trading floors on Wednesday with investors preoccupied by price rises, the political stand-off in Washington and Beijing’s regulatory crackdowns
Tokyo slid backwards, following Wall Street’s lead, as a rise in oil prices and the political stand-off in Washington dampened enthusiasm on trading floors.
Many of China's biggest property firms, including the country's second largest, China Evergrande, have seen their bonds plunge amid worries they face collapse
The troubled property giant’s struggles, added to continued pressure from China's crackdowns on its tech firms and casinos, saw the Hang Seng shed more than 2%
The Nikkei fell by more than 2% with traders preoccupied with unfolding events in the United States and the slow post-pandemic global recovery
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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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