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Latest: Asia Stock Market News

Adani Shares Plunge 20%, Hindenburg Says ‘Sue in US if Serious’
Adani Shares Plunge 20%, Hindenburg Says ‘Sue in US if Serious’

Seven listed companies of the Adani conglomerate have lost a combined $50 billion in market capitalisation since Wednesday, following a report by US short-seller Hindenburg Research

Asia Stocks Advance on US Spending Growth, China Hopes
Asia Stocks Advance on US Spending Growth, China Hopes

Investor mood was boosted by consumer spending data from the United States and bets the Fed will slow down its rate hike programme

BOJ Urged by IMF to Loosen Reins on Long-Term Yields
BOJ Urged by IMF to Loosen Reins on Long-Term Yields

The global lender had only last year suggested the central bank maintain its ultra-loose policy to support Japan's recovery from the Covid-19 pandemic

Onions ‘Like Gold’ in Inflation-Saddled Philippines – Guardian
Dutch Officials Head to US For Possible China Chip Curbs Deal
Google Changes Android System in India After Antitrust Ruling
Hang Seng Leads Asia Rally But Nikkei Slips on US Data Fears
Adani Mulling Action Against ‘Malicious’ Hindenburg Report
ASML’s China Exports ‘Unchanged’ Amid Rising Chip Curbs Worry
China’s BYD in Talks to Buy Ford Motor Plant in Germany – WSJ

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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