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Latest: Asia Stock Market News

Pakistan Pays For Discounted Russian Crude Oil in Yuan
Pakistan Pays For Discounted Russian Crude Oil in Yuan

The deal, for 100,000 tonnes of crude from Moscow, was completed in the Chinese currency and not the US dollar which dominates international oil trade

Intel Looking to Become Anchor Investor in SoftBank’s Arm IPO
Intel Looking to Become Anchor Investor in SoftBank’s Arm IPO

Chip designer Arm is looking to raise $8-$10 billion on Nasdaq, setting the stage for this year's largest initial public offering

US ‘to Extend’ China Chip Curb Waivers for South Korea, Taiwan
US ‘to Extend’ China Chip Curb Waivers for South Korea, Taiwan

The move will allow the chipmakers, which include Samsung, SK Hynix and TSMC, to continue to import US chipmaking tools to China for use in their existing fabs in the country

India Denies Dorsey Claim of Threat to Shut Down Twitter
Nikkei Soars on Chip Firms Boost Bets, Tech Lifts Hang Seng
China’s Property Sector Will Remain Weak For Years: Goldman
Saudi Arabia Says it Will Collaborate, Not Compete With China
Nikkei Advances, Hang Seng Flat as Traders Wait on Big Data
Fossil Fuel Companies ‘Doing Little to Meet Net Zero Goals’
World Bank’s Banga Keen to Bolster Investment in Renewables

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Markets: The Big Picture

ASML in the Centre of the Chip War

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