Asia

02 Apr Tech war: updated US semiconductor export restrictions raise demand in China for Nvidia’s RTX 4090 graphics card

Posted at 00:00h in Asia

“The demand for high-end graphic cards remains very robust, especially after the export curbs imposed by the US government,” said Cai Zhaojie, a vendor at Huaqiangbei in the Futian district of tech hub Shenzhen, southern Guangdong province.The Biden administration last Friday revised sweeping export controls...

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01 Apr Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

Posted at 12:30h in Asia

Li Auto, Nio and Xpeng, China’s top three premium electric-vehicle (EV) manufacturers, have reported a strong rebound in deliveries in March, after their promotional activities attracted thousands of buyers. BYD, the world’s largest EV maker, said the sales of its pure electric and plug-in hybrids...

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01 Apr Zhang Kun, China’s biggest money manager, issues stock valuation warning, says days of fast economic growth are gone

Posted at 10:40h in Asia

Investors should exercise more caution when it comes to the valuations of Chinese stocks, as corporate earnings growth is set to slow because of Beijing’s pursuit of high-quality economic growth, according to China’s biggest money manager.The base probability of sustainable high-quality growth at companies is...

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01 Apr Hong Kong misses out on JLL’s top 25 cities for innovation, talent, while Beijing, Tokyo and Singapore make top 10

Posted at 09:30h in Asia

Singapore, which is widely perceived as Hong Kong’s main rival as a finance hub, came seventh. Shanghai claimed the ninth spot, just behind Austin, and ahead of Seattle, which rounded out the top 10.“Tokyo, Seoul, Shanghai, Beijing, Singapore and Shenzhen all outperform in innovation output,...

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01 Apr Exclusive | Tech war: China quietly making progress on new techniques to cut reliance on advanced ASML lithography machines

Posted at 09:00h in Asia

Beijing-based Naura Technology Group started research on lithography systems last month, according to people familiar with the matter, as China’s home-grown semiconductor tool makers try workarounds to produce advanced chips without the latest equipment from Dutch giant ASML, a breakthrough that could potentially thwart US...

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01 Apr China’s new home sales slide for 10th month with buyers sidelined, lending push failing to halt liquidity crisis

Posted at 08:30h in Asia

China’s property developers recorded another set of dismal operating results as new home sales tumbled for a 10th straight month, suggesting it would be premature to expect a turnaround in a three-year slump in the industry.Sales at the nation’s 100 biggest home builders tumbled 46...

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01 Apr Liechtenstein royal family-backed banking and asset management firm LGT says private equity has ‘good future’ in China

Posted at 07:00h in Asia

LGT Group, the world’s largest royal family-owned private banking and asset management group, sees private equity continuing to be attractive to high-net-worth clients, especially in China, where the public market has tumbled.While the value of private-equity deals in China dropped 58 per cent last year...

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01 Apr Hong Kong stocks: lack of earnings momentum risks derailing sentiment-driven rebound, analysts say

Posted at 06:03h in Asia

Hong Kong stocks are priced for perfection and vulnerable to shocks, according to analysts. A stream of unimpressive earnings announcements could end the two-month rebound in Asia’s third-largest stock market as investors struggle to find fresh catalysts.The uptick in the Hang Seng Index is at...

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01 Apr Tesla raises price of its Shanghai-made Model Y electric car, shrugging off price war squeezing its rivals in China

Posted at 04:40h in Asia

Tesla raised the price of its Shanghai-made Model Y cars on Monday, bucking the trend set by a discount war that is squeezing the profit margins of most of its rivals in China, the world’s largest electric vehicle (EV) market.The basic Model Y is now...

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01 Apr Chinese stocks jump by most in a month on manufacturing rebound, validating optimism among foreign funds

Posted at 03:13h in Asia

Chinese stocks jumped by the most in more than a month after a stronger than expected rebound in manufacturing underpinned buying sentiment among foreign investors.The CSI 300 Index of the nation’s biggest companies advanced 1.6 per cent to 3,592.89 at 10.25am local time in Shanghai,...

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