Latest: Asia Stock Market News
The drop in numbers comes despite steep discounts BYD has handed out on its vehicles, signalling that Tesla's global clout will not be easily challenged
Investors responded to contrasting cues on Tuesday with positive data and negative bets affecting the mood on trading floors
With sales of electric vehicles expected to account for 40% of the 23 million cars sold this year, China’s demand for gasoline (petrol) is predicted to peak by 2025
Expectations of an easier US monetary policy also boosted investor sentiment across Asia after inflation data on Friday fuelled rate-cut hopes
Steve Wozniak said any US move to ban tech platforms that track users should apply to all companies that do it, such as Facebook and Google
Sources claim state-owned SAIC Motor plans to cut 30% of workers at its JV with General Motors, 10% at its unit with Germany's Volkswagen, plus half the staff at its Rising Auto EV unit
Investors led by PE firm PAG have bought a 60% stake in property giant Dalian Wanda's mall unit, which runs close to 500 malls across China
The 166 pages of rules note that restrictions on chip shipments to China also apply to laptops. They will take effect on Thursday
Xiaomi co-founder and CEO, Lei Jun, believes his newly launched electric sedan is a direct competitor of Tesla — both in price and capabilities
Huawei remained relatively muted about its achievement, doing away with the press conference and launch event it has held every year at least since the US restrictions began
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AF Market Insights
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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
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SemiconductorsTaiwan to Fine Foxconn After Unauthorised Chinese Investment -
Market InsightsChina’s Covid Infections Rise Further as Outlook Darkens
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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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