Markets

SHANGHAI: Shanghai's exchange-traded fund market exceeds 1 trillion yuan (US$156.84 billion) in capitalization, making it the world's sixth biggest, the city's bourse said on Tuesday, as trading started under the Shanghai-Hong Kong ETF Connect. Shanghai's ETF market is Asia's No.2 by market ...

Vietnam's main Ho Chi Minh Stock Exchange (HOSE) said in a statement it had halted trading on Tuesday afternoon after a surge in orders prompted concerns over market stability.

HONG KONG: Hong Kong's Cathay Pacific Airways said on Tuesday (Jun 1) that it had resumed pilot recruitment for those with local residency rights, as part of medium-to-long term planning despite having much of its fleet parked due to the COVID-19 pandemic. The move comes just weeks after it...

China's central bank on Tuesday issued a revised draft law on money laundering, vowing to ramp up punishment on money laundering activities.

China plans to cut 236 million tonnes of steel capacity during its 14th five-year planning period from 2021 to 2025, the China Iron and Steel Association said in a statement, citing its chairman He Wenbo.

Hong Kong retail sales rose 12.1per cent in April from a year earlier, the third consecutive month of growth, boosted by an easing coronavirus threat and a low base of comparison early last year.

TAIPEI: Taiwan said on Tuesday it had approved Taishin Financial Holding Co Ltd's purchase of Prudential Financial Inc's Taiwan unit, which it agreed to buy last year for TUS$5.5 billion (US$199.41 million). Taiwan's Financial Supervisory Commission said it had granted the approval on Monday. ...

Shares in Chinese toy makers, diaper producers and infant food companies soared for the second day on Tuesday, as investors piled into stocks seen as benefitting from Beijing's new three-child policy.

TAIPEI: Foxconn and its billionaire founder Terry Gou sought permission from Taiwan's government on Tuesday (Jun 1) to buy COVID-19 vaccines from Germany's BioNTech as the island grapples with a rise in infections. The proposed purchase of 5 million doses, which would be distributed among the ...

TAIPEI -Foxconn and its billionaire founder Terry Gou sought permission from Taiwan's government on Tuesday to buy COVID-19 vaccines from Germany's BioNTech SE after the island was hit with a rise in infections. The proposed purchase of 5 million doses, which would be distributed among the ...